Home Article Market News Dollar Continues To Surge Higher Amid Negative Risk Tone

Dollar Continues To Surge Higher Amid Negative Risk Tone

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During the European session, the market mood remained soured with European indices were trading in red, strength in safe-havens, but yields were higher.

In the FX markets, the ongoing soured risk tone and firmer US treasury yields continue to support the USD with the DXY index hit fresh highs above 90.00 levels. Also, the JPY traded higher amid the risk-off tone with EURJPY tried to find the resistance at the 127.00 levels before slipped to fresh session lows.

Meanwhile, the GBP declined by ongoing fears surrounding the UK’s coronavirus outlook and the possibility of further restrictions in the UK’s national lockdown.

Ahead of the New York session, the GBP will remain in focus with upcoming comments from BoE’s Tenreyro and a statement from UK Chancellor Sunak.

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