US Yields Stronger, Biden’s Speech Eyed

Asian shares remain on the back foot amid stronger US Treasury yields. US 10-year Treasury yield stays firmer around the highest since January 2020 and the USD hits November 2020 levels as traders hope pleasing details from American President Joe Biden’s infrastructure plan. Also, strengthening US economic recovery and higher inflation expectations continue to drive yields higher.

The broad-based US dollar strength amid quarter-end flows added to the bearish pressures on its competitors including gold. Vaccine woes and surging COVID cases in Europe continue to pressure the euro.

Looking forward, US President Biden’s speech, EZ CPI, and ADP Employment Change will be the key to watch.

 


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Post categories

 

Symbol Bid Ask Spread
EURUSD 1.19808 1.19833 2.5
GBPUSD 1.38295 1.38463 16.8
USDCAD 1.25068 1.25100 3.2
USDJPY 108.782 108.808 2.6
USDCHF 0.91983 0.92008 2.5
AUDUSD 0.77342 0.77388 4.6
NZDUSD 0.71419 0.71472 5.3
EURGBP 0.86549 0.86631 8.2
EURCHF 1.10216 1.10246 3
EURJPY 130.347 130.375 2.8
AUDJPY 84.142 84.192 5
GBPJPY 150.484 150.588 10.4
USDSGD 1.33397 1.33443 4.6
XAUUSD 1775.61 1775.93 32
XAGUSD 25.930 25.964 3.4

The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed.

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