US dollar recovers some of its losses from Friday.
The US Dollar (USD) is recovering more and gaining momentum as the US session begins. Traders are attempting to calm down in the aftermath of the poor US jobs report. Instead, investors try to look ahead, hoping that the US Dollar Index will regain some of its losses.
On the economic data front, a couple more data points following a very quiet Monday. The US trade balance has already been published, and The deficit was larger than predicted. Meanwhile, comments from Fed Governor Christopher J. Waller and New York Fed President John C. Williams could may provide the markets with additional interest-rate signals.
Daily market Movers.The US dollar is being supported by safe havens.
A few unexpected comments from Chicago Fed member Austan Goolsbee, who stated that the Fed will not commit to any rate decisions in advance. However, the Fed is keeping an eye on bond market fluctuations.
Exports in China fell by 6.4%, while imports increased by 3.0%, according to trade figures.
The US Goods and Services Trade Balance for September was $-61.5 billion, up from $-58.7 billion in August.
The Redbook Index has dropped from 5.3% to 3.1%.
Many Fed speakers will take the stage, including: Fed Governor Christopher J. Waller is scheduled to talk at 15:00 GMT, followed by New York Fed President John C. Williams at 17:00 GMT.
Treasury rates in the United States are trading sideways around 4.61%.
The US Treasury is returning to the markets for a three-year note auction.
The September Consumer Credit Change figures are due at 20:00 GMT: Previous statistics showed a $15.63 billion decrease, and an increase of $10 billion is projected.
The tone is established by Asian equities, which are red. This is in response to poor Chinese export figures. Asian stocks are all down more than 1%. European shares are slightly down, as are US equity futures.
According to the CME Group’s FedWatch Tool, markets are pricing in a 90.2% possibility that the Federal Reserve will hold interest rates unchanged. unchanged during its December meeting.
After a tumultuous week last week, the benchmark 10-year US Treasury yield is now trading at 4.61%.
