US Treasury bond yields have continued to surge since the beginning of daily trading on Thursday, driven by the improvement shown by data that highlighted an improvement in the housing sector as well as in the labour market in the United States.Ten-year US Treasury bond yields rose to 4.140% compared …
Read More »Risk aversion drags GBP/USD down from weekly highs
After reaching a weekly high of 1.2507, the GBP/USD pair changes direction and declines to the 1.2397 level, at the time of typing, as a result of risk aversion that caused flows towards safe-haven assets. Despite the fact that US Treasury bond yields are falling, the US Dollar (USD) is …
Read More »USD/CHF hovers around 0.9200 after failure at 0.9225
The U. S. dollar has hesitated around 0.9200 on Tuesday. As the USD/CHF pair was able to rebound from 7 week lows at 0.9150, it found resistance at 0.9225 earlier today. As for the broader picture, the USD/CHF remains trapped within a clear downtrend from September highs at 0.9365. The …
Read More »U.S. August’s new home sales beat expectations
Sales of new U.S. single-family homes increased for a second straight month in August, but demand for housing has probably peaked after a COVID-19 pandemic-fueled temporary buying frenzy.Sales increased in August even as sales of existing homes fell. It could be a sign that buyers are turning to newly constructed …
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