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

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.

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

US MBA mortgage applications w.e. 1 November -10.8% vs -0.1% prior

Prior -0.1%Market index 191.4 vs 214.5 priorPurchase index 130.8 vs 137.8 priorRefinance...

Treasury yields nudge towards the highs for the day as Trump confirmed as election winner

That is the highest level in four months and carries on from...

Mexican Peso plunges as Trump elected president

The Mexican Peso (MXN) plummets in its most-heavily traded pairs on Wednesday,...

USD/CHF Price Forecast: Strives to extend rally above 200-day EMA

The USD/CHF pair rallies to near 0.8750 in Wednesday’s European session.