Thursday , 7 November 2024
Home Forex Australian dollar sinks in a poor signal for risk trades. Falls to lowest since Aug 15
Forex

Australian dollar sinks in a poor signal for risk trades. Falls to lowest since Aug 15

The risk mood is slowly deteriorating after a strong start. The S&P 500 is up just 10 points after rising is much as 50 pips. The trend has been steady and I haven’t seen any headlines that would explain the moves. I’d chalk it up to angst around the election.

AUD/USD is now trading at the lowest since August 15.

What’s particularly worrisome is that Treasury yields are ticking higher again. There was a NYT/Sienna poll today that showed some momentum for Trump and that could have bond buyers worried about a red sweep and larger deficits.

This article was written by Adam Button at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Gold price remains tepid despite a steady US Dollar ahead of Fed decision

Gold price (XAU/USD) extends its losses for the second successive session on...

PBOC governor Pan says will continue to implement supportive monetary policy

Will strengthen communication with marketsTo steadily promote opening up of China's financial...

Saudi Arabia Gold price today: Gold falls, according to FXStreet data

Gold prices fell in Saudi Arabia on Thursday, according to data compiled...

Chart Art: Potential Pullback Points After Bitcoin (BTC/USD) Hit Fresh Record Highs

Bitcoin was one of the biggest movers yesterday after Trump’s election win...