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In a note, the foreign brokerage said taper talks in the US, potentially higher US bond yields, firm dollar, consensus EPS cuts and recent muted IPO gains are negatively impacting retail investor sentiment and could act as negative triggers.
Read more about Global Markets: Stocks hover near record highs as bond yields slide on Business Standard. Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing
Dollar heads for its longest streak of weekly losses so far this year
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Last Updated: Apr 16, 2021, 08:39 AM IST
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The benchmark 10-year Treasury yield dipped to a one-month low of 1.528% overnight, from as high as 1.776% at the end of last month.
The dollar index dipped to an almost-one-month low of 91.487 overnight before recovering somewhat to 91.678 early in the Asian session.
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TOKYO: The
dollar headed for its worst back-to-back weekly drop this year amid a continued retreat in Treasury yields from more-than-one-year highs as investors increasingly bought into the Federal Reserve s insistence of continued monetary support.
The benchmark 10-year Treasury yield dipped to a one-month low of 1.528% overnight, from as high as 1.776% at the end of last month, even in the face of Thursday s stronger-than-expected retail sales and employment data.
By Shreyansi Singh (Reuters) - Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating U.S. Treasury yields and a softer dollar bolstered the metal s appeal. Spot gold jumped 0.9% to $1,779.00 per ounce by 10:26 a.m. EDT (1426 GMT), having earlier hit its highest since Feb. 25 at $1,783.55. It is up over 2% so far this week. U.S. gold futures rose 0.6% to $1,777.30. The macro argument for gold has also improved. We are poised for a run towards $1,800, said Edward Moya, senior market analyst at OANDA. We ve had many investors abandon some positions because of some extreme technical selling we saw with Treasury yields and that has really provided a strong backdrop here for gold prices to continue to appreciate.