Forex Today: Week starts in slow motion as investors await a fresh catalyst

0 7
What you need to know on Tuesday, September 28: The week started in slow motion, with the dollar edging modestly lower against high-yielding rivals, but up roaring vs the JPY. The latter was hit by higher US Treasury yields as that on the 10-year note surged to 1.51%, its highest since July. USD/JPY trades above the 111.00 level. Chinese equities posted modest advances amid easing concerns related to the Evergrande possible default. Global indexes ended mixed, as investors lacked a catalyst, trying to figure out what “soon” means for the US Federal Reserve. The central bank has paved the way to trim its pandemic-related facilities, with Wall Street dealing quite well with the notion. EUR/USD remained depressed, consolidating at around 1.1700. The GBP/USD pair posted a modest intraday advance and settled just above the 1.3700 level. Commodity-linked currencies were the best performers, trimming Friday’s losses. AUD/USD trades around 0.7290 and USD/
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade