The US Dollar Index trades near 101.70 amid falling yields, while WTI crude oil rebounds above $90 and gold climbs past $4,100 per ounce ahead of key US economic releases.
AUD/USD retreated markedly to fresh three-week lows in the 0.6940 region after discouraging comments from the RBA's Hauser and amid widespread global caution. Final Building Permits and Private House Approvals prints are due on November 9.
Discouraging comments from the RBA's Hauser plus cautious mood in global markets drove AUD/USD to fresh three-week lows near 0.6940.
Final Building Permits and Private House Approvals figures are due on November 9.
Gold built on the previous day's advance and climbed past the $4,100 mark per troy ounce, helped by shrinking US Treasury yields across the curve and investors digesting the Democrats' midterm win. The Dollar's inconclusive price action leaves the picture partly dependent on upcoming US data.
Falling US Treasury yields across the curve and investors assessing the Democrats' midterm election win pushed gold past $4,100 per troy ounce.
After a brief drop to the $86.00 region per barrel, front-month December WTI futures rebounded markedly and reclaimed the $90.00 mark, driven by persistent uncertainty around the US-Iran-Hormuz situation. The geopolitical premium supports prices, though the fast reversal shows volatility risk.
After touching the $86.00 region, WTI rebounded past $90.00 per barrel on persistent uncertainty around the US-Iran-Hormuz situation.
The Dollar has kept its bearish tone after Wednesday's midterm-election pullback, with DXY revisiting the 101.70 region amid a widespread decline in US Treasury yields. The upcoming October Nonfarm Payrolls release could reverse or extend the move, so direction is not fully settled.
It is extending Wednesday's election-led pullback, pressured by falling US Treasury yields and a cautious market mood ahead of the October jobs report.
The October Nonfarm Payrolls report and the flash U-Mich Consumer Sentiment gauge, both due at the end of the week.
USD/JPY added to Wednesday's retracement and briefly revisited the 157.80 zone as the Dollar stayed weak and US yields declined. Upcoming Japanese Average Cash Earnings data may add direction, but the driver so far is the broader Dollar sell-off.
The article only shows the pair retreating with the broader Dollar weakness and lower US yields; no yen-specific driver is cited beyond upcoming cash earnings data.
The US Dollar remains under pressure, extending its post-midterm election pullback as Treasury yields continue to decline. Investors are now shifting focus to the upcoming October Nonfarm Payrolls report and U-Mich Consumer Sentiment data to determine the next trend for the greenback.
The Dollar is extending a pullback following the US midterm elections, further pressured by a widespread decline in US Treasury yields.
Despite an initial drop to $86, WTI futures recovered above $90 per barrel due to persistent uncertainty surrounding the US-Iran-Hormuz situation.