What you need to know on Wednesday, December 29:
The dollar received some market attention in the American afternoon, posting daily gains against most major rivals. Wall Street opened on a firm tone and flirted with all-time highs, but fell shortly thereafter, with the major indices ending the day mixed. In the absence of relevant news, investors focused on growing speculation that the US Federal Reserve could raise rates in March 2022.
US government bond yields remained low, remaining at the lower end of their weekly range. The yield on the 10-year Treasury note reached 1,455% and currently stands at around 1.47%.
EUR / USD pushes the 1.1300 level, while GBP / USD remains above 1.3400 after hitting a new monthly high of 1.3461. AUD / USD is trading around 0.7220, while USD / CAD is trading at 1.2816 as commodities fell from new highs. The USD / JPY pair is trading just below 115.00, maintaining its bullish stance.
Gold peaked at $ 1,820.25 a troy ounce but trimmed intraday gains and closed lower at $ 1,806. Crude prices rose to new multi-month highs, with WTI hitting $ 76.89 a barrel.
Good news on the Brexit front provided support for the British pound as the EU and the UK reached an agreement to increase the UK worker quota from 50% to 70% on fishing vessels, starting at April 2022.
Meanwhile, most European countries continue to report record coronavirus infections.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
