The US Dollar Comes Back Bid After Being Squeezed | investing.com – Investing.com

The US Dollar Comes Back Bid After Being Squeezed | investing.com – Investing.com

European bourses were playing catch-up as they reopen after the long holiday weekend. The Dow Jones gapped higher and was trading at record levels, led by materials and financials. Asia Pacific markets were mixed after US indices rallied yesterday.

A sharp fall in household spending may have weighed on Japanese shares. US futures were softer too.

The US yield was flat neat 1.70%, while European benchmark yields were 2-4 bp higher. The was paring yesterday's losses. The Antipodean currencies and were leading the way, with around 0.5%-0.6% losses in late morning turnover in Europe. The was hovering around $1.18, and despite the brief slippage yesterday, the greenback was holding above JPY110.00.

Emerging market currencies were mixed, with Asia mostly higher and Europe mostly lower, leaving the JP Morgan Emerging Market Currency Index little changed.

was firmer, reaching its best level in almost two weeks, a little under $1739. was recovering from its biggest drop in two weeks. The market seemed to overreact to the talks today in Vienna as an international effort tries to get both the US and Iran back into compliance with the arms/embargo agreement. However, it does not mean that Iranian oil will hit the