TokyoTokyo Mon - Fri 10:00-18:00 +81 (366) 701-751
info@mountequitygroup.com

US Dollar Index refreshes monthly low at 109.60 as market mood soars, US GDP buzz

Mount Equity Group Tokyo Japan > News > Markets > US Dollar Index refreshes monthly low at 109.60 as market mood soars, US GDP buzz
  • The DXY has printed a fresh monthly high below 109.56 amid a positive risk impulse.
  • An absence of a risk aversion theme has pushed 10-year US Treasury yields lower to 4%.
  • The release of the US GDP and Durable Goods Orders data will keep the DXY on the tenterhooks.

The US dollar index (DXY) has recorded a fresh monthly high at 109.56 in Tokyo session as the risk appetite of the market participants is improving significantly. The DXY has shifted into a negative trajectory after surrendering the critical support of 110.00 and is expected to deliver more weakness ahead.

The risk profile remained upbeat on Wednesday despite a vertical fall in S&P500 after the downfall in tech stocks failed to align with the minor drop in other sectors.

10-year yields drop to 4%

A sheer optimism in market sentiment has trimmed the alpha generated by US government bonds. The returns on US Treasuries have dropped sharply…

Read more…