2024-11-07 12:53
IndustryForexLive European FX news wrap: Dollar stays lowe
JPY leads, USD lags on the day
European equities lightly higher; S&P 500 futures flat
US 10-year yields down 9 bps to 4.29%
Gold up 0.2% to $2,740.83
WTI crude up 3.0% to $71.57
Bitcoin down 0.5% to $68,855
As we get the new week underway, the focus in markets is all about the US election. And the news since the weekend, at least according to the pollsters, is that Harris has closed the gap to Trump to make it a tight race going into tomorrow.
And that weighed on the dollar early at the open today, with the greenback starting the day with a notable gap lower across the board.
The drop continued in Asia before settling down for most of European trading. But as we slowly inch closer to US trading, the greenback is starting to feel the pinch again as we await Wall Street to come in.
USD/JPY is weighed down to 151.75 now, down 0.8% on the day after having been down around 152.00 for most of European morning trade. Meanwhile, EUR/USD is up 0.6% to 1.0900 and USD/CHF also down 0.8% to 0.8630 currently
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ForexLive European FX news wrap: Dollar stays lowe
| 2024-11-07 12:53
JPY leads, USD lags on the day
European equities lightly higher; S&P 500 futures flat
US 10-year yields down 9 bps to 4.29%
Gold up 0.2% to $2,740.83
WTI crude up 3.0% to $71.57
Bitcoin down 0.5% to $68,855
As we get the new week underway, the focus in markets is all about the US election. And the news since the weekend, at least according to the pollsters, is that Harris has closed the gap to Trump to make it a tight race going into tomorrow.
And that weighed on the dollar early at the open today, with the greenback starting the day with a notable gap lower across the board.
The drop continued in Asia before settling down for most of European trading. But as we slowly inch closer to US trading, the greenback is starting to feel the pinch again as we await Wall Street to come in.
USD/JPY is weighed down to 151.75 now, down 0.8% on the day after having been down around 152.00 for most of European morning trade. Meanwhile, EUR/USD is up 0.6% to 1.0900 and USD/CHF also down 0.8% to 0.8630 currently
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