Forex Today: High-tier data releases from EU and US to ramp up volatility – by eren_fxstreet Majors Macroeconomics Currencies Commodities CryptoCurrencies
touched its strongest level since mid-March above 104.50 on Wednesday after the US Bureau of Labor Statistics reported that the number of job openings on the last business day of April stood at 10.1 million, compared to 9.74 million in March and the market of 9.37 million. Meanwhile, the Federal Reserve noted in its Beige Book that there was little change in the overall economic activity in April and early May.
Investors breathed a sigh of relief late Wednesday after the House of Representatives passed a bill to suspend the debt limit through January 1, 2025. The DXY retreated from daily highs following this development but closed in positive territory. On the other hand, major equity indexes in the US, which closed before the vote, registered losses while the benchmark 10-year US Treasury bond yield managed to recover toward 3.7%.
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