"US Treasury's Reduced Borrowing Plan Sparks Market Activity and Dollar Decline"

1 min read
Source: ForexLive
"US Treasury's Reduced Borrowing Plan Sparks Market Activity and Dollar Decline"
Photo: ForexLive
TL;DR Summary

The Treasury's lower than expected borrowing numbers have led to stock and bond prices moving higher, with yields lower, and the USD weakening. The US stock market has seen gains, with the NASDAQ and S&P indices reaching record highs. In the debt market, yields have decreased across the board. In the forex market, the EURUSD is testing its 200-day moving average, while the USDJPY and GBPUSD are experiencing fluctuations. The USDCHF has fallen to retest a key downside target.

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