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EUR, AUD dip, NZD/USD soars; Wall Street stocks decline
Summary
Risk averse sentiment prevailed, weighing on US stocks while the Dollar finished mixed. US Consumer Confidence fell unexpectedly in February, which was the second consecutive fall.
Treasury bond yields finished mixed. The US 10-year bond rate slipped to 3.92% from 3.94% yesterday. Two-year treasuries were unchanged with a yield at 4.81%. Germany’s 10-year Bund yield climbed to 2.64% (2.53%). Japan’s ten-year JGB yield was last at 0.49% (0.50%).
A favoured gauge of the Greenback’s value against a basket of 6 major currencies, the Dollar Index (DXY), eased to 104.55, against yesterday’s 104.90. Against the Japanese Yen, the US Dollar fell to 136.15 (136.27). The Euro (EUR/USD) dipped to 1.0585 from 1.0605.
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