February 4, 2023

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Dollar moves lower into the Fed Powell press conference

1 min read

The USD is moving lower

As the presser approaches, the USD has moved a little lower. The EURUSD is trading a a new high. The GBPUSD is up testing it’s high for the day. The AUDUSD and NZDUSD are making new highs for the day. Below are the current levels for the major pairs and crosses ahead of the press conference.

The USD is moving lower

In the US debt market, rats are higher with the 10 year up the most on the day at +2.3 bps.

US yields are higher

In the energy markets, the price of crude oil is up $0.92 or 1.46%. Brent is up $0.91 or 1.38%.

Crude oil remains higher
In the US stock market, the Dow and NASDAQ remain down, while the S&P index is marginally higher.

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