USD surges as 10-year Treasury rises 4.4bps to 4.067%, highest level since November
Oil unable to rally after US crude stockpiles dropped by a record 17 million barrels last week
Gold slumps after hot ADP report keeps markets divided on whether Fed will tighten again
AUD/USD, NZD, USD, and USD/CAD are all seeing a tentative return of the king dollar trade. The dollar is rallying on safe-haven flows following Fitch's US sovereign rating downgrade. The surge in Treasury yields is also supportin
02-08-2023 14:01 GMT
by Edward Moya
