Markets:
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 lagsThe 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.
From there though, the market turned and the US dollar sellers returned. The euro nearly wiped out the entire move while the yen finished the job. Earlier in the day, the euro and pound had been sold heavily so they weren't able to get back above par on the day but the ultimate decline was small.
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.
Read More Details
Finally We wish PressBee provided you with enough information of ( Forexlive Americas FX news wrap: initial jobless claims tick lower; Daly talks rate cuts )
Also on site :
- Germany’s Merz changes stance on Russia
- Tokyo's Yamanote Line suspended due to power outage
- Tokyo's Yamanote loop line trains out of service due to power outage