Forex news for North American trade on March 27, 2020: Markets: – Gold down $9 to $1622 – WTI crude down $1.01 to $21.60 – US 10-year yields down 16 bps to 0.68% Wave after wave of U
The US Dollar regained favor among FX traders, largely as a safe-haven currency, as lock downs and quarantines across the globe heightened worries of uncertainty in the long term.
The Japanese Yen remains under pressure against the US Dollar as investors await the US CPI print. Rising yields and a more aggressive Fed support the greenback.
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