Busy day before Thanksgiving in the US
Markets are hesitant: US bond yields eased after approaching their recent highs yesterday. The 10-year bond touched 1.68%. The economic indicators continue to show a…
Purchasing managers’ indices continue to be close or at historical highs in the manufacturing industry, pointing to strong growth in this sector. The small decline in the US ISM only shows that activity has ceased to accelerate in April. Bond yields are marginally down and the USD is rather stable: the EUR/USD exchange rate is trading in a narrow range around 1.2030.
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