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Dollar gains some ground as equities stumble lower

Well, the calmer mood sure didn't last long. After a surge higher in bond yields yesterday, we are seeing a continuation of that with 10-year Treasury yields climbing to their highest levels so far this year. Yields are up another 8 bps today to 4.16% currently, following yesterday's hot ADP employment data.And this is perhaps what is weighing further on equities after the turn of the month decline and news of the US credit rating being cut yesterday. S&P 500 futures are now down 16 points, or 0... Read More

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Content Topics

Dollar

Gains

Some

Ground

Equities

Stumble

Lower

Forex

Posted: Aug 3 2023, 07:24

Author Name: forexlive

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