Financial markets looking sheepish ahead of US data

<img width="250" height="153" src="https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-250×153.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-250×153.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-700×427.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-768×469.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-120×73.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-245×150.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306-500×305.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/11/FIN-LP-Financial-markets-looking-sheepish-ahead-of-US-data-5507038195-iStock-182177306.jpg 1310w" sizes="(max-width: 250px) 100vw, 250px" /><p>The <a href="https://www.leaprate.com/forex/market-news/daily-dollar-outlook-us-dollar-and-eurozone-fall-to-match-sterling/" target="_blank" rel="noopener">US Dollar Index</a>, a measure of the USD’s performance against a basket of major currencies, showed marginal losses on Monday, and the 10-year US Treasury bond yield closed nearly unchanged, hovering just above 4.6%.</p>
<p>In the Eurozone, the EUR/USD currency pair maintained stability around 1.0700, having recorded slight gains on the preceding day. Forecasts for the European economy suggested a modest annual growth rate of 0.1% in the third quarter.</p>
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<p>In the UK, the Office for National Statistics reported an unchanged ILO Unemployment Rate of 4.2% for the three months ending in September. Concurrently, wage inflation, measured by the change in Average Earnings Including Bonus, retreated to 7.9% on a yearly basis from 8.2%. The Pound Sterling exhibited minimal response to these statistics, with GBP/USD trading slightly below 1.2300.</p>
<p>Notably, the National Australia Bank’s Business Conditions Index showed a slight improvement, reaching 13 in October from 11 in September. Conversely, the Business Confidence Index dipped to -2 from 1 during the same period. In the Asian trading hours, AUD/USD faced modest bearish pressure, ultimately registering a 0.2% decline on the day at 0.6365.</p>
<p>The post <a rel="nofollow" href="https://www.leaprate.com/forex/financial-markets-looking-sheepish-ahead-of-us-data/">Financial markets looking sheepish ahead of US data</a> appeared first on <a rel="nofollow" href="https://www.leaprate.com">LeapRate</a>.</p>