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Safe haven demand boosted the dollar, while trade tensions and the Lebanon-Israel ceasefire pressure

CWG Markets | 2024-11-27 13:57

Abstract:On Tuesday, the US dollar index rebounded slightly due to Trumps vow to impose tariffs on Canada, Mexico, ultimately closing up 0.06% at 106.90. The benchmark 10-year US Treasury yield closed at 4.310

On Tuesday, the US dollar index rebounded slightly due to Trump's vow to impose tariffs on Canada, Mexico, ultimately closing up 0.06% at 106.90. The benchmark 10-year US Treasury yield closed at 4.3100%; The two-year US Treasury yield, which is more sensitive to monetary policy, closed at 4.2580%. Spot gold remained stable at $2626.83 per ounce on Tuesday, recovering some lost ground. US futures closed 0.1% higher, with a settlement price of $2621.30. Due to market news that OPEC+has started discussing further delaying the increase in oil production, as well as the confirmation of the US led ceasefire agreement in Lebanon by the United States, Israel, and Lebanon, international oil prices have almost remained flat. WTI crude oil ultimately closed down 0.12% at $68.93 per barrel; Brent crude oil closed down 0.14% at $72.45 per barrel.

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CWG Markets
Company name:CWG Markets Ltd
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Website:https://www.cwgplatform.com/
5-10 years | Regulated in United Kingdom | Regulated in South Africa | Regulated in Vanuatu
Score
8.55

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