Forexlive Americas FX News Wrap: US Treasury Yields Surge but Dollar Falters
Tuesday, 2 April 2024, 20:06
Key Updates
- US Treasury yields broke past the 4.35% mark, reaching 4.40%
- US dollar faced selling pressure as JOLTS data and Fed's comments influenced market sentiment
Market Sentiment
EUR/USD traded at 1.0725 before steadily climbing to 1.0775 amid uncertainties in the market
Gold hit a new all-time high at $2278 amidst price volatility
Oil prices closed above $85 for the first time since November
Conclusion
As the US Treasury yields surged, the US dollar witnessed a decline in value, leading to varied responses in the market. The upcoming economic data releases are anticipated to bring more clarity amidst the ongoing market fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.