Dollar weakens as US Treasury yields rise, commodities and currencies fluctuate
2023.11.20 09:14
© Reuters.
The dollar showed signs of weakness today, with the pair falling from a high of 148.70 in Asia to a low of 148.10 in Europe, even as U.S. Treasury yields edged up nearly four basis points to 4.480%. This divergence occurred amidst a mixed performance in European equities and stable , suggesting a neutral market sentiment.
Commodities experienced some volatility with gold prices slipping by 0.4% to $1,972.10 an ounce, while climbed 1.5% to $77.05 per barrel. In the cryptocurrency space, saw a gain of two percent, closing at $37,160 amid these broader market movements.
The euro and British pound both made modest gains against the softer dollar, with reaching approximately 1.0930 and slightly higher at around 1.2470. The Antipodean currencies also benefited from the dollar’s dip; rose to .6555, and strengthened to .6022, largely due to the appreciating which provided support across the region’s currencies.
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