Forex Today: Dollar bleibt auf dem Weg ins Wochenende auf dem Rückfuß
|Here's what you need to know on Friday, May 20:
The U.S. Dollar Index posted its biggest one-day loss since early March on Thursday, falling more than 1%. The steep decline in U.S. Treasury bond yields made it difficult for the greenback to find demand despite risk aversion. Markets remain relatively quiet early Friday, but U.S. stock index futures are trading sharply higher, suggesting improved market sentiment ahead of the weekend. The European Commission will release consumer confidence data for May later in the session.
The yield on U.S. 10-year Treasury bonds fell to its lowest level in nearly a month at 2.77% on Thursday before recovering. The S&P 500 Index is down more than 3% this week and remains on track to close in the red for the seventh straight week. Investors are increasingly concerned that the U.S. economy could slide into recession as the Federal Reserve sticks to tightening monetary policy even as consumer spending continues to weaken.
EUR/USD benefited from selling pressure around the dollar and climbed to its highest level in two weeks above 1.0600. Early Friday, the pair remains in a consolidation phase just below 1.0600. German statistics agency Destatis reported that the producer price index (PPI) rose 33.5% on an annual basis in April, while market expectations were for 31.5%.
GBP/USD extended its weekly recovery after Wednesday's uninspiring performance. At press time, the pair posted slight daily gains and traded in the immediate vicinity of the 1.2500 level. Data released by the UK Statistics Office had earlier shown that retail sales rose by 1.4% in April, beating analysts' estimates of a 0.2% decline.
USD/JPY remains below 128.00 in the European morning, having weakened slightly during the Asian trading hours. Japan's statistics office announced Friday that the national consumer price index rose to 2.5% on an annual basis in April, well above the market forecast of 1.5%.
Gold gained more than 1% on Thursday, closing the day above the critical 200-day SMA. XAU/USD is clinging to small daily gains at the start of Friday, trading slightly below $1,850, while the 10Y US Treasuries are holding in positive territory, limiting the pair's upside for now.
Bitcoin is up 5% on Thursday and seems to have stabilized above the key $30,000 level on Friday. Ethereum is moving sideways in a narrow range just above $2,000 after Thursday's recovery.
Die Informationen auf diesen Seiten enthalten zukunftsgerichtete Aussagen, die Risiken und Ungewissheiten in sich bergen. Die auf dieser Seite beschriebenen Märkte und Instrumente dienen nur zu Informationszwecken und sollen keinesfalls als Empfehlung zum Kauf oder Verkauf dieser Vermögenswerte verstanden werden. Sie sollten Ihre eigenen gründlichen Recherchen anstellen, bevor Sie eine Investitionsentscheidung treffen. FXStreet garantiert in keiner Weise, dass diese Informationen frei von Fehlern, Irrtümern oder wesentlichen Falschaussagen sind. FXStreet garantiert auch nicht, dass diese Informationen zeitnah zur Verfügung stehen. Investitionen in offene Märkte sind mit einem großen Risiko verbunden, einschließlich des Verlusts Ihrer gesamten Investition oder eines Teils davon, sowie mit psychischen Belastungen. Alle Risiken, Verluste und Kosten, die mit einer Investition verbunden sind, einschließlich des vollständigen Verlusts des Kapitals, liegen in Ihrer Verantwortung. Die in diesem Artikel geäußerten Ansichten und Meinungen sind die der Autoren und spiegeln nicht notwendigerweise die offizielle Linie oder Position von FXStreet oder seinen Werbekunden wider.