Post #7485

Dollar Weakens as Bonds, Stocks, and Gold Shine The US dollar is under pressure, losing ground against nearly all major currencies. Key highlights: - 10-year yields: European yields drop 2-3 basis points, with UK's 10-year Gilt yield falling over 4 basis points to below 4.55%. - Dollar vs. Yuan: The dollar fell to CNH7.1250, encouraged by the PBOC's lower fix and softer tone. - Sterling slumps: UK's rising unemployment pushes sterling to its lowest level since August 1. Meanwhile, bonds, stocks, and gold are rallying, offering investors a glimmer of hope. What's driving these market trends?