Forex Today: Dollar holds firm amid risk aversion – by eren_fxstreet Currencies Majors Metals Macroeconomics
The dollar continues to benefit from safe-haven flows on the last trading day of the week with the US Dollar Index stretching higher toward 110.00. US stock index futures are down between 0.5% and 0.8% in the early European morning and the benchmark 10-year US Treasury bond yield stays slightly below 3.5%. Eurostat will release revisions for August HICP inflation figures and the University of Michigan will publish the preliminary September Consumer Sentiment Index data ahead of the weekend.
was last seen trading at its weakest level in over two years at $1,660. On a weekly basis, the yellow metal is down more than 3%. Rising US Treasury bond yields put additional weight on the pair throughout the week as well.broke below the key $20,000 support late Thursday and was last seen trading flat on the day at around $19,750.lost nearly 10% on Thursday and seems to have gone into a consolidation phase at around $1,500.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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