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PMIs back on the menu in European trading today

The Israel-Hamas conflict is still a considerable factor in markets but so is the retracement in the bond market, after having seen 10-year yields in the US tag the 5% level before backing off. Yields are now trading little changed at 4.84% and that is seeing the dollar cool off with USD/JPY itself down to 149.63 currently.In the bigger picture though, the dollar might see scope for a nudge back lower if yields are to also retrace further amid a delay in retesting the 5% mark again. This EUR/USD... Read More

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Posted: Oct 24 2023, 04:41

Author Name: forexlive

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