Dollar continues to run hot amid sell everything mood


As mentioned earlier here, markets are returning to the regular scheduled programming after yesterday’s main headlines. The dollar is rising across the board and pushing for fresh highs on the day now with GBP/USD down 1.5% to below 1.1100, even after the UK announced a massive fiscal package to try to boost growth conditions.

Elsewhere, EUR/USD is down 0.9% to 0.9740 while USD/CAD is up 0.4% to above 1.3500, looking for a test of its 61.8 Fib retracement level at 1.3651 next:

AUD/USD is also down 1.1% to 0.6565 as key technical support cracks under pressure from the rising greenback.

This happens as markets return to a sell all mood again, with values ​​falling further into the day. S&P 500 futures are down 0.9% while European indices are down 1.0% to 1.4% across the board. Meanwhile, bonds are also not spared after the rise higher in UK yields. 10-year Treasury yields are now up 6 bps to 3.765% as yesterday’s rout continues.

In the commodities space, gold is down 0.9% to $1,656.13 while oil is down more than 2% to $81.63 currently.



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