The U.S. dollar pushed to two-month highs against the euro on Thursday in a broad rally fired by positive sentiment and persistent speculation about a big investor buying dollars.
Long-term Treasury prices fell for a third session Thursday after comments from Fed Chairman Alan Greenspan reiterated that there would be no let-up in interest rate hikes and several reports raised additional inflationary concerns.
The dollar showed little change on Monday, while the bond prices traded mixed as the market geared up for a fresh batch of data and the latest serving of supply from the Treasury.
Treasury bond prices tumbled Thursday, punctured by the one-two punch of sharply lower weekly jobless claims and a stronger mid-Atlantic factory output.
Treasury bond prices edged higher Monday, as investors proved reluctant to make any major bets ahead of key events such as a speech from the Fed chairman and the crucial September jobs report.
U.S. Treasury prices slid Wednesday as lower oil prices boosted equity markets, making safe haven investments less attractive, while fears over a strong payrolls report and better-than-expected auto sales pressured bonds.
The U.S. dollar pushed to two-month highs against the euro on Thursday in a broad rally fired by positive sentiment and persistent speculation about a big investor buying dollars.
Long-term Treasury prices fell for a third session Thursday after comments from Fed Chairman Alan Greenspan reiterated that there would be no let-up in interest rate hikes and several reports raised additional inflationary concerns.
The dollar showed little change on Monday, while the bond prices traded mixed as the market geared up for a fresh batch of data and the latest serving of supply from the Treasury.
Treasury bond prices tumbled Thursday, punctured by the one-two punch of sharply lower weekly jobless claims and a stronger mid-Atlantic factory output.
Treasury bond prices edged higher Monday, as investors proved reluctant to make any major bets ahead of key events such as a speech from the Fed chairman and the crucial September jobs report.
U.S. Treasury prices slid Wednesday as lower oil prices boosted equity markets, making safe haven investments less attractive, while fears over a strong payrolls report and better-than-expected auto sales pressured bonds.
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