New York Market Summary: Dollar in Low 163 Yen Range, Yields Rise, Stocks Fall Back

MacroDigital FinanceCommodity Impact 4

โดย ロイター·Read original

Summary · why it matters

In the New York market on the 22nd, the dollar held firm in the low 163 yen range against the yen, U.S. bond yields rose, and stocks fell back. The dollar-yen pair was down 0.01% at 163.14 yen, briefly dipping into the 162 yen range before paring losses. Rising crude oil prices due to escalating tensions in the Middle East heightened expectations for Fed rate hikes, with the CME FedWatch tool showing the probability of a rate hike at the July 28-29 FOMC meeting rising to 31.5% from 10.7% a week earlier. The U.S. 2-year yield rose 3.68 basis points to 4.298%, hitting a 17-month high at one point, while the 10-year yield added 2.65 basis points to 4.655%. Stocks fell, led by tech shares, with the Nasdaq Composite down 0.57%. Alphabet dropped 1.5% and Tesla fell 1.3%. On the other hand, Super Micro Computer surged 19.8% and Dell Technologies gained 9.3%. Gold futures rose 1.9% to $4,151.90, a two-week high, amid a weaker dollar. Crude oil saw Brent North Sea futures climb 3.36% to $94.07, a roughly six-week high, while WTI futures advanced 2.95% to $86.83.