What you need to know on Tuesday, February 2:
The US dollar appreciated strongly against most major rivals, with European currencies being the worst performers. The pair EUR/USD it is trading near a daily low of 1.2062 heading into the Asian session, despite upward revised Markit PMIs and a worse-than-anticipated US ISM manufacturing index. The British pound was also down against the dollar, trading not far above the daily low of 1.3655.
Commodity-linked currencies came under slight pressure. AUD / USD ended the day little changed in the 0.7630 price zone, caught between dollar demand and firmer and brighter metal prices. The USD / JPY pair continued to advance and reached 105.03.
Global equities closed higher, despite the not-so-optimistic news. Concerns revolved around news reports that a group of U.S. Republican senators asked President Joe Biden to cut his $ 1.9 billion stimulus plan and reportedly proposed a $ 600 billion alternative. dollars to gain bipartisan support.
Silver soared more than 11%, hitting a daily high of 30.09 and then settled at $ 28.80 an ounce. Gold benefited from demand from retail investors, closing the day around $ 1,860 a troy ounce. Crude prices rose during the American afternoon.
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