Thursday, 2 March 2023

US Dollar Soars Lifted by Surging Yields, S&P 500 Falls Despite VIX's Slide

The U.S. dollar soars while the S&P 500 trades with a negative bias on Thursday in the wake of surging Treasury yields following hotter-than-expected labor market data.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...