© Reuters.
The dollar showed signs of weakness today, with the USD/JPY 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 S&P futures, suggesting a neutral market sentiment.
Commodities experienced some volatility with gold prices slipping by 0.4% to $1,972.10 an ounce, while WTI crude oil climbed 1.5% to $77.05 per barrel. In the cryptocurrency space, Bitcoin 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 EUR/USD reaching approximately 1.0930 and GBP/USD slightly higher at around 1.2470. The Antipodean currencies also benefited from the dollar's dip; AUD/USD rose to .6555, and NZD/USD strengthened to .6022, largely due to the appreciating Chinese yuan which provided support across the region’s currencies.
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