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.Hence then, the article about forexlive americas fx news wrap initial jobless claims tick lower daly talks rate cuts was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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