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US dollar recovers some losses as equities give back gains

August 4, 2023 by admin 0 Comments

The US dollar has recovered some of the selling after non-farm payrolls as equities give back gains. Notably, Treasury yields remain near the lows of the day, led by a 13 bps fall in 7-year notes.

The dollar has been dragged around by fixed income this week but its stocks behind this move. The S&P 500 is now up just 4 points on the day at 4506 from a high of 4540.

The dollar bounce is strongest against commodity currencies but the euro is starting to move as well.

EURUSD 10 mins

This article was originally published by Forexlive.com. Read the original article here.