％Japan Government Bond 10Y
JP-10Y
Mentioned
Impact on stocks 2
Others
％United States Government Bond 10Y
US-10Y
Mentioned
The dollar index fell 0.09% after a dovish US PPI report lowered the odds of a September Fed rate hike to 35% from 40%. The July final-demand PPI was unchanged month-over-month and up 4.7% year-over-year, below expectations of 0.2% and 4.9%, while the core PPI rose 0.2% versus a 0.3% forecast. The 10-year Treasury yield dropped 7 basis points, reducing the dollar's interest rate advantage, and reduced safe-haven demand also weighed on the currency as no new military attacks were reported in the Persian Gulf. The euro gained 0.14% against the dollar, and the yen strengthened 0.18% after Bloomberg reported that Japanese Prime Minister Sanae Takaichi's government supports a Bank of Japan rate hike in September or October. Gold and silver prices fell on reduced safe-haven demand, with October COMEX gold down 24.5 dollars and September silver down 0.450 dollars.