US dollar falls further as the equity rally extends

[forex4you]

US dollar falls further as the equity rally extends

<p>The US stock market hit a bump in the road midway through trading at equities gave up nearly all their gains but they have roared back and the S&P 500 is now up 68 points to 3787. That's come with a bid in bonds, pushing down 10-year Treasury yields by 4.7 bps to 4.20%.</p><p>In turn, the US dollar is deeply lower and is now experiencing one of its worst days of the year.</p><p>The main triggers for the move are hints of China reopening.</p><p>The non-farm payrolls report was generally strong but it didn't move the needle much on Fed probabilities, in part because unemployment ticked up.</p><p>On the charts, I <a href="https://www.forexlive.com/news/canadian-dollar-suddenly-has-everything-going-for-it-20221104/" target="_blank">highlighted </a>USD/CAD as an interesting breakout and it continues to move with the pair now down 269 pips to 1.3476. </p>

                This article was written by Adam Button at forexlive.com.

Source: US dollar falls further as the equity rally extends

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