EU indices traded in the green again yesterday, but during the US session, investors turned back cautious, with the US Treasury yield-curve inversion deepening and underscoring concerns with regards to a global economic downturn. In the FX world, the pound was the main gainer among the G10s, rising as UK opposition parties pledged to work together in order to avert a no-deal Brexit on October 31st.
Investors Turn Cautious Again as US Yield Curve Inversion Deepens
The dollar continued trading higher against most of the other G10 currencies on Tuesday and during the Asian morning Wednesday. It gained against NZD, CAD, AUD, CHF, EUR and JPY in that order, while it underperformed notably against GBP and slightly versus NOK. The greenback was found virtually unchanged against SEK.
The performance in the FX world does not paint a clear picture with regards to the broader market sentiment and indeed, looking at equities, the picture appears to be...
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