S&P 500 up 0.3%WTI crude oil down $1.49 to $66.89US 10-year yields up 0.6 bps to 4.35%Gold up $11 to $3324AUD leads, EUR lags
The US dollar rallied on the better initial jobless claims number and continued higher for about two hours afterwards. EUR/USD fell about 50 pips on the move with USD/JPY rising by about the same margin.
In contrast, early selling in the commodity currencies reversed and they all finished stronger. In particular, the Aussie continued its post-RBA momentum and is near the best levels of the year. That was helped along by a steady bid in equities and improving risk trade.
Notably, bitcoin finally broke above $113,000 to a fresh record high. So far it hasn't topped at $113,820 but watch for a squeeze higher before the weekend.
This article was written by Adam Button at www.forexlive.com. Read More Details
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