US dollar slides as the mood in markets improves

[forex4you]

US dollar slides as the mood in markets improves

<p>I highlighted the <a href="https://www.forexlive.com/news/a-roundup-of-comments-on-the-economy-from-todays-corporate-earnings-slate-20230113/" target="_blank" rel="follow">economic commentary from earnings reports</a> earlier today and that along with better <a href="https://www.forexlive.com/news/umich-jan-us-prelim-consumer-sentiment-646-vs-605-expected-20230113/" target="_blank" rel="follow">US consumer sentiment</a> was telling.</p><p>US stock futures pointed to a 1% decline but that's been pared to 0.2%. You also have strong dip buying in names that reported like Delta and JPMorgan:</p><p>In FX, the reaction has been more subdued but the dollar is softening and AUD/USD is making some headway.</p><p>In the bigger picture, I'm watching yen crosses very closely because something is brewing at the Bank of Japan. USD/JPY is down another 160 pips today.</p>

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

Source: US dollar slides as the mood in markets improves

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