Global financial markets have been hit by a rise in US bond yields, which pushed the benchmark 10-year Treasury yield above 5% on October 23 - the highest since July 2007. Rising yields pushed the DXY index to a nearly one-year high earlier this month.
The dollar rose 0.1% against the Japanese yen, currently at 149.91 yen, leaving traders worried about possible government intervention to support the Japanese currency.
The British pound closed the session at 1.2161 USD, down 0.72%. Surveys on October 24 showed that British businesses reported another contraction this month and cost pressures continued to cool, pointing to the risk of a recession.Gold increased strongly thanks to PMI news
The dollar rose 0.1% against the Japanese yen, currently at 149.91 yen, leaving traders worried about possible government intervention to support the Japanese currency.
The British pound closed the session at 1.2161 USD, down 0.72%. Surveys on October 24 showed that British businesses reported another contraction this month and cost pressures continued to cool, pointing to the risk of a recession.Gold increased strongly thanks to PMI news
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