The yield on the 10-year US Treasury note held around 5.11% on Thursday after surging 16 basis points in the previous session, remaining near its highest level since July 2007 as strong economic data heightened inflation concerns and strengthened expectations for further policy tightening. The rise in Treasury yields accelerated following a weak $70 billion […]
The offshore yuan is weakening beyond 6.71 per US dollar, approaching a three-week low as renewed US dollar strength combines with uncertainty over the future of the US-China trade truce. The dollar is gaining support from a sharp increase in expectations for Federal Reserve tightening. Markets are now pricing approximately a 70% probability of a […]
The Australian dollar is trading around $0.7000, close to a seven-week low, as markets reassess the Reserve Bank of Australia’s monetary-policy outlook following a mixed labour-market report. Australia’s economy added 39,500 jobs, almost twice the expected increase of 20,000, but the unemployment rate rose to 4.6%, above expectations for 4.5% and reaching its highest level […]
The Japanese yen remains under pressure around ¥158 per US dollar, trading close to a three-week low as renewed US dollar strength and rising Treasury yields widen the policy and yield gap between the United States and Japan. The latest US private-sector activity data is reinforcing expectations that the Federal Reserve may need to maintain […]
Live cattle futures are extending higher as the cattle market responds to firm cash prices, sharply reduced slaughter levels and continued uncertainty over available market-ready cattle. Futures are showing broad strength, with October live cattle around $220.93, December near $222.35 and February 2027 at approximately $223.65. The strength in futures is developing despite weaker wholesale […]
The New Zealand dollar remains under pressure around $0.5670, close to an eleven-week low, as broad US dollar strength continues to weigh on the kiwi. A firmer US economic backdrop and renewed expectations for higher-for-longer Federal Reserve policy are increasing the relative appeal of the US dollar, while the Reserve Bank of New Zealand faces […]
Coffee prices are showing renewed strength after falling to three-month lows, with December New York arabica coffee recovering alongside November London robusta. December arabica recently gained 3.60 cents (+1.32%), while November robusta increased 57 points (+1.75%) as technical buying and short covering provided support following the sharp sell-off of recent weeks. The recovery is developing […]
US heating oil prices are showing renewed strength as the market reassesses domestic diesel availability following the White House denial of reports that the United States was preparing a 90-day diesel export ban. October heating oil futures remain around $4.80 per gallon, while the broader distillate market continues to trade near historically elevated levels as […]
Japan’s 10-year government bond yield climbed to around 3.06% on Thursday, reaching its highest level since August 1996 and tracking a surge in US Treasury yields as strong US private-sector activity data reinforced expectations for further Federal Reserve rate hikes. A weak auction of five-year Treasury notes also intensified the global bond selloff. Meanwhile, uncertainty […]
Cocoa prices are showing renewed strength as weather concerns across West Africa return to the forefront of the market. New York December cocoa has moved higher alongside a stronger recovery in London cocoa, with below-normal rainfall forecasts for Ivory Coast raising concerns about crop development and potential production losses during the 2026/27 season. The recovery […]