- GBP/USD prints a session low of 1.3871, whereas US yields keep flat.
- Greenback attracts bids because the US inventory futures drop.
The US greenback is drawing haven bids and pushing GBP/USD decrease, with the US inventory futures signaling renewed danger aversion.
Cable fell to a session low of 1.3871 quickly earlier than press time, having traded at 1.3932 in early Asia.
The futures tied to the S&P 500 are buying and selling greater than 100 factors decrease at 31,392. The index jumped over 2% on Monday, confirming its greatest single-day achieve since June, as bond yields eased. The ten-year Treasury yield fell to 1.38%, having clocked a 12-month excessive of 1.61% on Thursday.
The benchmark yield stays sidelined close to 1.4% at press time. Even so, the S&P 500 futures are nursing losses and pushing the greenback larger in opposition to main currencies.
The broad-based greenback demand might be related to gold’s relentless slide. The yellow steel now trades close to $1,712 per ounce, the bottom since June 15, 2020. Costs are down over $100 from the excessive of $1,817 noticed on Feb. 23.