This is what you need to know to operate the Tuesday, November 9:
The greenback gave up some ground on a quiet Monday. The week started with China reporting a record surplus of the trade balance, although imports increased less than expected, with notable falls in the purchase of oil and soybeans.
Several policy makers of the US Federal Reserve they gave speeches within different events, although the references to monetary policy were scarce. Vice President Richard Clarida said that the benchmarks for rate hikes could be met by the end of 2022, but added that the Fed is still “a long way away” from considering take-off, adding that he expects a full return to employment levels. pre-pandemic by the end of 2022.
More relevant is the fact that Randal Quarles of the Fed said he will resign from his post at the end of the year. Vice President Richard Clarida leaves in January, while Powell’s term ends in February. The Fed shakeup could bring some interesting changes next year.
The pair EUR/USD approached 1.1600, but remained below this level, while the GBP/USD it rallied to the 1.3550 price zone. Commodity-linked currencies were higher, with AUD / USD trading around 0.7420 and USD / CAD in the 1.2440 price zone. The pair USD/JPY it is under selling pressure despite the better tone on Wall Street, falling to the 113.20 region.
Yields on U.S. government bonds rose, with issues 10-year Treasury flirting with 1.50% at the end of the American session.
The oro it was one of the best performing assets, rising to a new month-long high of 1,826.43 a troy ounce, ending the day near this region. Crude prices fell earlier in the day, regaining most of the ground lost before the close. The WTI settled at 82.10 dollars a barrel.
.
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.
