USD Index DXY Drops Over 15 Points Shortly After US ADP Employment Figures Released
After the release of the US ADP employment numbers, the US Dollar Index (DXY) fell over 15 points in the short term, currently reported at 99.1. Spot gold rose by 6 dollars in the short term, currently reported at 3353 dollars per ounce. Nasdaq 100 futures erased earlier gains and are now flat.
BTC showed little short-term fluctuation, currently reported at 105,000 dollars.
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On Tuesday, following Federal Reserve Governor Waller’s call to consider a 50 basis point rate hike at the December meeting, this year’s FOMC rotating voting member Lorie Logan reiterated a hawkish stance, stating, "Given the current economic outlook, I believe at least two more rate hikes of 25 basis points each are needed. The pace of rate hikes this winter may be faster than what we have seen so far this autumn." On Tuesday, the two-year US Treasury yield jumped 19 basis points in a single day, reaching 4.74%.
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