The Feds Musalem was more hawkish compared to other Fed members post the US jobs report. He is still concerned about the impact from tariffs on inflation good where they are.
For the trading day the markets were mostly up and down with most of the major currencies trading with 0.21% from the previous day's close. :
EUR +0.21%JPY +0.46%GBP -0.06%CHF +0.21%CAD +0.11%AUD +0.05%NZD +0.13%EUR -0.48%JPY +0.26%GBP -1.35%CHF +0.62%CAD -0.23%AUD +0.83%NZD -0.71%
The GBP moved higher this week helped by the hawkish cut from the BOE. The central back lowered rates by 25 basis points but the vote of 5-4 was closer than the 7-2 expected. As a result, the dollar lows -1.35% vs the GBP today.
For a technical look at the major currency pairs going into the new trading week, click on the following links:
EURUSD technicalsUSDJPY technicalsGBPUSD technicalsUSDCHF technicalsUSDCAD technicalsAUDUSD technicalsLooking at the US yield curve, yields today were higher.
US 5Y T-Note: 3.8312% (+4.1 bps)
US 30Y T-Bond: 4.8524% (+4.0 bps)
US 2Y T-Note:+8.2 bps
US 10Y T-Note: +6.9 bps
US 30Y T-Bond: +3.0 bps
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about investinglive americas fx news wrap 8 aug the usd was little changed nasdaq new record 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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