What you need to know on Wednesday, February 10:
The US dollar fell against most of the major rivals, moving again alongside US Treasury yields. Government bond yields fell further after peaking early Monday at new multi-month highs as investors await news related to a new US stimulus package.
EUR / USD approached 1.2120, while GBP / USD rose above 1.3800, its highest level since April 2018. The move was driven solely by the easing of US Treasury yields. The US, which weighed on the dollar.
Commodity-linked currencies also advanced against the dollar, with CAD lagging and AUD approaching a high this year. With the dollar still under pressure as the US session draws to a close, further declines are likely to follow in the future.
Gold flirted with $ 1,850, but trimmed most of its intraday gains to close at $ 1,836.60. Crude prices posted modest intraday gains, and the WTI closed the day at $ 58.30 per barrel.
Stocks traded mixed but held around their opening levels as investors expect a substantial catalyst.
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