Michael Hewson MSTA CFTe CMC Markets Follow Following
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EUR/USD has extended its daily slide during the American trading hours and touched its lowest level in a month below 1.0050. In the absence of macroeconomic data releases, the dollar capitalizes on safe-haven flows and continues to outperform its major rivals.
Following a short-lasting recovery attempt, GBP/USD turned south and fell to the 1.1800 area. Reflecting the unabated dollar strength amid risk aversion, the US Dollar Index advanced to its strongest level in a month above 108.00 in the American session.
Gold continued to push higher in the second half of the day and touched its lowest level since late July below $1,750. The benchmark 10-year US Treasury bond yield is up more than 3% on a daily basis, not allowing XAU/USD to stage a rebound.
Crypto.com Coins take a nosedive move in early trading on Friday. The falling knife has hit the monthly pivot and started to slow down. Another leg lower looks granted as the G20 summit in Indonesia is set to receive two key figures.
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