The euro and pound were set for weekly gains vs. the dollar as global bond yields fell, and the Aussie dollar had its best week since mid-July.
EBC Forex Snapshot
3 Nov 2023
The euro and pound were heading for weekly gains against the dollar on Friday as global bond yields retreated, and the Aussie dollar has had its best weekly performance since mid-July.
The benchmark 10-year Treasury yield is heading for a 17 basis point weekly fall, its most in a week since July.
Markets are now pricing in less than a 20% chance of a rate increase in December compared with 39% earlier in the week, CME FedWatch tool showed.
Analysts think US nonfarm payrolls likely increased by 180,000 jobs in October, slowing from 336,000 in September due to massive auto strike.
|Citi (as of 24 Oct)||HSBC (as of 1 Nov)|
The green numbers in the table indicate an increase in data, the red numbers indicate a decrease in data, and the black numbers indicate that the data remains unchanged.
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