<p style=““ class=“text-align-justify“>S&P 500 futures are now down 7 points, or 0.2%, with 10-year Treasury yields being up 3.6 bps to 3.730% now. That is a bit of a contrast to earlier in the session where the former was up by around 0.5% and the latter down 1 bps to 3.684%. The switch over in the mood is now seeing the dollar hold slightly higher against the major currencies bloc.</p><p style=““ class=“text-align-justify“>EUR/USD is down 0.3% to 1.0360 levels while USD/JPY has turned a drop to 138.90 to rise up to 139.65 at the moment. Meanwhile, GBP/USD is down 0.2% to 1.1880 but the biggest loser is AUD/USD, which is down 0.7% to 0.6690 – contesting its 100-day moving average at 0.6695 currently. I pointed out some of the technical considerations earlier in the day here:</p><ul><li><a target=“_blank“ href=“https://www.forexlive.com/news/dollar-selloff-runs-into-a-checkpoint-20221117/“ target=“_blank“>Dollar selloff runs into a checkpoint</a></li></ul>
This article was written by Justin Low at forexlive.com.
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