Risk sentiment dampens ahead of European trading.

Date:

The US 10-year yields have reached its highest level in 16 years at 4.55%, causing a ripple effect across various markets. This has led to the strengthening of the US dollar, particularly against the Japanese yen, with USD/JPY crossing the 149.00 mark. Meanwhile, equities are experiencing a decline, as indicated by a drop of over 0.5% in S&P 500 futures.

Due to the aforementioned development, the Australian dollar (AUD) and New Zealand dollar (NZD) have also hit their daily lows. AUD/USD is currently down 0.3% at 0.6404, while NZD/USD has also slipped 0.3% to 0.5950. Overall, the situation is not favorable for risk trades as Europe prepares to open, resulting in the dollar enjoying a positive outlook.

In summary, the US 10-year yields reaching a 16-year high has had widespread consequences in the markets. The US dollar has gained strength against the Japanese yen, while equities have suffered a decline. The Australian and New Zealand dollars have also experienced losses, indicating a negative sentiment towards risk trades. As a result, the US dollar is currently in a favorable position.

Source link

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Indian journalist Fazil Khan dies in Manhattan fire sparked by lithium battery.

A 27-year-old Indian journalist, Fazil Khan, tragically lost his...

Vending Machine Error Exposed Secret Face Recognition Technology in Just 10 Words

The University of Waterloo in Canada is currently facing...

Bitcoin ETFs attracting more investment than Gold ETFs, BTC to surpass Gold market cap?

The introduction of new Spot Bitcoin ETFs has led...

Helldivers 2 servers upgraded to handle 800k players, surprising for small studio.

After a surge in player numbers over the weekend,...