US Dollar edges lower against key FX peers like the Euro, Sterling, and Yen as Treasury yields peel back owing to the prospect that the Federal Reserve might tweak its bond buying program.
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US Dollar edges lower against key FX peers like the Euro, Sterling, and Yen as Treasury yields peel back owing to the prospect that the Federal Reserve might tweak its bond buying program.
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US retail sales softer across the board, S&P 500 dips back to 3600. Fed QE twist expected in December.
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Trader confidence remains high, despite some profit-taking, on hopes that the coronavirus vaccines announced in the past 10 days will bring the pandemic under control.
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Increased demand for cheap and leveraged stocks points to a continuation of capital rotation
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A general risk-on theme continues to cap the upside for gold and with US bond yields on the move higher, the precious metal may struggle in the short-term.
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