Tech shares led a rout in U.S. stocks while the selloff in global bonds deepened, with the benchmark Treasury yield spiking to a one-year high and debt from the U.K. to Australia coming under pressure.
Stocks Fall on New Economic Data morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Euro Forecast: EUR/USD Rate Rally Eyes January High 2021-02-25 15:00:00 David Song, Strategist
EUR/USD Rate Talking Points
EUR/USD climbs to a fresh monthly high (1.2238) following the semi-annual testimony with Federal Reserve Chairman Jerome Powell, and the decline from the January high (1.2350) appears to have been a correction in the broader trend rather than a change in behavior as key market themes remain in place. Advertisement
EUR/USD Rate Pullback Emerges Ahead of Account of ECB Meeting
EUR/USD extends the advance from the start of the week on the back of US Dollar weakness, with the commodity bloc currencies trading to fresh 2021 highs against the Greenback, and the Euro may exhibit a similar behavior as the exchange rate breaks out of the descending channel from earlier this year.
Dow jumps over 400 points after Powell testimony chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.