EBC Daily Snapshot Jun 27, 2024

The dollar trimmed gains from the previous session as Treasury yields slightly eased. US new home sales fell last month due to high mortgage rates.

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Yen and oil advances keep risk appetite muted 

Yen and oil advances keep risk appetite muted 

Dollar/yen drops to 154, supported by BoJ hike bets, but move looks stretched; Oil jumps again on ME newsflow; risk of $100 WTI oil price is rising; Markets prepare for Thursday’s buybacks and US data; Gold stabilizes at $4,400, bitcoin drops below $80k again;
XM Group | 5h 28min ago
Yen Hits 6-Month High, Volatility Returns After North American Holiday.

Yen Hits 6-Month High, Volatility Returns After North American Holiday.

US markets were closed yesterday for a bank holiday, limiting overall market activity. The US dollar weakened as the Japanese yen surged, while crude oil extended gains amid escalating tensions in the Middle East. Iran warned it could target energy infrastructure across the region if the US launches further attacks on Iranian assets.
ATFX | 7h 0min ago