Market Brief: Dollar softens but stays elevated as energy prices ease
The dollar is retreating, but remains near its highest levels since April last year, even as energy prices ease modestly and Treasury yields inch lower.
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The dollar is retreating, but remains near its highest levels since April last year, even as energy prices ease modestly and Treasury yields inch lower.
The dollar is trading near its strongest levels since last year's ‘Liberation Day’ tariff debacle, and measures of implied volatility are climbing as long-term borrowing costs soar and fears of another sovereign-debt crisis stalk the euro area.
Gli ultimi dati statunitensi hanno riportato il focus di mercato sulle aspettative di rialzo dei tassi da parte della FED.
UK quarterly GDP is revised up to 0.5% from 0.4%, but Sterling swoons lower still.
The US job creation engine decelerated sharply in September, adding to market bets on a short pause in the Federal Reserve’s tightening campaign in October.
Bond yields. Bonds still in the driver's seat. Worries about government debt widen spreads across Europe. EUR lower, USD higher. AUD still on backfoot.
Shaky markets. Long end US bond yields continue to rise. US equities slip back again. USD firmer. AUD & NZD on backfoot. AUD at late-July levels.
Government borrowing costs are pushing to multi-decade highs around the world this morning as a brutal selloff in bond markets intensifies.
Front-end Treasury yields are slumping, equities are rallying, and the dollar is retreating after the Federal Reserve’s preferred inflation measure climbed by less than expected in August, making it more difficult to justify hiking rates.