y pair prints the first daily loss in three while paring the previous weekly gains amid mixed sentiment and volatile markets.
The chatters surrounding Japan’s meddling in the market to defend the yen appeared to have triggered the US dollar’s latest rebound. Elsewhere, thethat both North and South Korea have exchanged warning shots near their disputed western sea boundary, published on Monday, also seemed to have favored the US dollar buyers of late. On the same line could be the fears that China President Xi Jinping won’t hesitate to escalate geopolitical matters with the US when it comes to Taiwan.
It should be noted that the latest jump in the market’s bets over the Fed’s 75 bps move in November, from 88% to 95%, also seemed to have drowned the EUR/USD prices. The greenback dropped heavily on Friday while amplifying the first weekly negative in three as the hawkishbets retreat after mixed Fedspeak. That said, St. Louis Fed President James Bullard said, “I want rates that put significant downward pressure on inflation.” On the same line, Chicago Fed President Charles Evans stated that they will need to raisefurther and hold them for a while.
Even so, S&P 500 Futures print 0.50% intraday gains while the US 10-year Treasury yields remain offered around 4.17%, extending Friday’s losses from the 14-year high. That said, the US equities posted the largest weekly gains in four months in the latest amid previously receding fears of the Fed’s aggressive rate hike.
anilpanchal7 L'EUR/USD chute vers 0,9800 alors que l'anxiété du marché propulse DXY, se concentre sur la BCE et le PIB américain