What you need to know on Friday, February 17:
The dollar started the day on the wrong foot, falling against most major rivals, but changed course with the opening of Wall Street as US Treasury yields soared to new one-year highs. The 10-year yield was 1,292%, while the 30-year yield stood at 2,095%.
Stocks, on the other hand, fell back from all-time highs, and US indices ended the day mixed around their opening levels.
Investors are optimistic about the next US stimulus package. News on this is expected before the end of the month.
EUR / USD found sellers around a tough resistance zone around 1.2170, ending the day in the red around 1.2110, still within familiar levels. The British pound remains resilient to dollar demand and rebounded, ending the day with modest gains around 1.3920.
Commodity-linked currencies performed unevenly. The Canadian dollar maintained its latest gains against the dollar, but the Australian currency was down. Still, both are ready to extend their recent rallies. USD / JPY soared along with Treasury yields, flirting with the 106.00 figure.
Gold slumped against a stronger dollar and traded as low as $ 1,790.80 a troy ounce. He ended the day at $ 1,796. Crude prices lost some ground, but the WTI closed at $ 60.00 a barrel.
Bitcoin surpassed $ 50,000 for the first time in history and then declined.
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