Forex Today: US Dollar on the back foot following CPI-inspired selloff – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Index broke below 102.00. The DXY stays below 101.50 early Thursday and the 10-year US T-bond yield seems to have stabilized at around 3.4%. Following Wednesday's choppy action in Wall Street, US stock index futures trade modestly higher in the European session.
The Australian Bureau of Statistics reported early Thursday that the Unemployment Rate remained unchanged at 3.5% in March with an Employment Change of +53K. Supported by the upbeat jobs report and trade figures from China,gathered bullish momentum and was last seen rising more than 0.5% on the day at around 0.6730.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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