US dollar back on top for start of the week, 105.50 eyed By fx_ross DollarIndex Currencies Technical Analysis Fed NFP
The market's sentiment is fickle which plays into the hands of the greenback.The US dollar was in demand at the start of the new month and quarter for its safe-haven status, dragging a number of rivals back down to earth. The euro fell to a low of 1.0365 vs the greenback from a high close to the 1.05 area and the Aussie sank to fresh cycle bear lows at 0.6763.
Nevertheless, US equity benchmarks were higher in the first session of the third quarter, recouping some of the ground lost in Thursday's session finished up the worst first half-seen in decades. The Dow Jones Industrial Average added 1.1% to 31,097.26, the S&P 500 was also up by 1.1% to 3,825.33, and the Nasdaq Composite was around 1% higher at 11,127.85. For the week, the Dow was 1.3% lower, the S&P 500 dropped 2.2%, and the Nasdaq fell 4%.
As a consequence, a flight to safety sent the US 10-year yield dropped 6.8 basis points to 2.91% as traders await the outcome of this week's minutes of the Federal Reserve's June meeting when it raised interest rates by 75 basis points.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Utahn makes a U.S. map using wood from 50 state trees for TikTokCreating each state-shaped piece of the map, and recording the TikTok video, takes Davies about 12 hours.
Read more »
US flag history: A look at rejected designs for America's 50-star flagThe U.S. flag has changed 27 times since it was first unveiled in 1777.
Read more »
Tell Us About Your Pop Culture Month: June 2022 EditionWhile you're here: how's the first half of 2022 treating you? Hopefully well.
Read more »
Bitcoin's inverse correlation with US dollar hits 17-month highs — what's next for BTC?Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin.
Read more »