Despite concerns about China's economic growth and a risk-off market sentiment, the US Dollar did not receive support as investors focused on the possibility of a more accommodative stance from the Federal Reserve. This resulted in a decline in the US Dollar and a rise in the price of Gold, reaching a two-month high of 1,988.
However, the situation changed during the American trading session as the US Dollar made a strong comeback, in line with the increase in US Treasury bond yields. Risk sentiment worsened due to disappointing tech earnings and renewed expectations of a more hawkish stance from the Federal Reserve, leading to declines in US stocks and Treasuries.
However, the situation changed during the American trading session as the US Dollar made a strong comeback, in line with the increase in US Treasury bond yields. Risk sentiment worsened due to disappointing tech earnings and renewed expectations of a more hawkish stance from the Federal Reserve, leading to declines in US stocks and Treasuries.
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