Wednesday , 6 November 2024
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Forexlive Americas FX news wrap: Equity markets sag as we hit the final stretch

Markets:

  • Gold up $2 to $2737
  • US 10-year yields down 6 bps to 4.23%
  • WTI crude oil up $2.11 to $71.61
  • S&P 500 down 0.3%
  • CHF leads, USD lags

The US dollar generally weakened on Monday as polls showed a tight Presidential race. Yields fell and that hurt the US dollar, though there was something of a rebound after a softer Treasury auction.

Most of the US dollar selling came early in the day and we some something of a bounce in US trading as risk assets sagged. US stock futures were higher but couldn’t be sustained as large-cap tech weighed.

The euro jumped at the Asian open and continued higher early in Europe and hit 1.0914 only to track slowly down to 1.0875, erasing all but the opening gap.

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

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