The risk trades in equities and FX are sending opposing signals late in the day.
The S&P 500 has stretched to a fresh session high, up 0.3%, while the US dollar appears to have found a short term bottom. USD/CAD and USD/JPY have both climbed about 50 pips from the lows.
Over in the bond market, yields have ticked slightly higher with 10s now trading at 4.42% from a low of 4.40%. That's likely helping to support the US dollar.
There isn't a great deal to mull over today but economic data this week so far has indicated that the Federal Reserve may have more room to ease than believed. That said, so much of the outlook for the remainder of the year hinges on US trade and fiscal policy.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about steady bids continue to support us equities but us dollar bounces 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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