United States 7-Year Note Auction: 4.183% vs previous 4.215%

Nov 27, 2024

US Dollar retreats after GDP, PCE data meets forecast

In Wednesday’s session, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, ticked 1% lower as markets assess the release of high-tier economic data including a Personal Consumption Expenditures (PCE) reading, the Federal Reserve’s (Fed) preferred gauge of inflation.

EUR/USD climbs above 1.0500 as ECB’s Schnabel turns hawkish

The Euro recovered against the Greenback in the mid-North American session due to hawkish comments by European Central Bank (ECB) member Isabel Schnabel, who said the ECB should not be accommodative on rates.