Wheat drops 1%, but Black Sea supply woes limit losses zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
US Dollar Index resumes the upside and approaches 93 00 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Article content Markets added to gains on Wednesday and yields climbed due partly to positive corporate earnings, as investors largely overlooked apprehension about the Delta coronavirus variant and inflation. The yield on 10-year Treasury notes continued their bounce from five-month lows following a weak 20-year bond auction. Higher bond yields increase the opportunity cost of holding non-interest bearing gold. The European Central Bank is all but certain to promise an even longer period of stimulus on Thursday to make good on its commitment to boost inflation. U.S. President Joe Biden said the current uptick in consumer prices will be short lived as the U.S. economy emerges from the global COVID-19 crisis, adding that his economic plan will reduce inflation over the long term.
US Dollar Index pushes higher, targets 93 00 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.