Election, Economy, Escalation And Expectations Enhance Dollar's Appeal
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Uncertainty surrounding the U.S. presidential election on November 5, 2024, and resilient economic data boosted the U.S. dollar during the week ending October 25, 2024; Dollar Index rose 0.74% from 103.49 to 104.26; S&P Global PMI readings showed better-than-expected performance in manufacturing and services; new single-family home sales increased by 4.1%; initial jobless claims fell to 227,000 from 242,000; ten-year U.S. treasury yields surged from 4.075% to 4.232%; EUR/USD pair dropped 0.67% to 1.0793; GBP/USD pair declined 0.68% to 1.2959; AUD/USD pair fell 1.54% to 0.6603; USD/JPY pair rose 1.86% to 152.30; market sentiment remains cautious ahead of U.S. GDP and jobs data releases.
#UsDollar #Forex #Economy #Elections #Geopolitics #InterestRates #MarketTrends #Pmi #JoblessClaims #TreasuryYields
https://www.rttnews.com/3484707/election-economy-escalation-and-expectations-enhance-dollar-s-appeal.aspx
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