US recap: EUR/USD slumps as US tariff fears reverberate
Nov 6 (Reuters) -The dollar surged on Wednesday after Republican Donald Trump won the U.S. presidential election with his party also took control of the U.S. Senate.
The status of the House of Representatives remained uncertain.
The dollar index was on pace for its biggest gain since September 2022 as inflation and tariff concerns lifted Treasury yields.
The euro slid 2% to a four-month low on fears of potential U.S. tariffs before paring losses ahead of an expected rate cut by the Fed on Thursday.
European Central Bank policymaker Francois Villeroy de Galhau said Trump's victory means there will be more downside risks to the global economy while ECB Vice President Luis de Guindos warned about the potential implications of a trade war.
Separately, ECB President Christine Lagarde said Europe needs truly continental banks to operate effectively.
The yen slipped against all its G-10 peers as rising yields and surging U.S. share prices weighed on the haven currency. Japan will eye September wage data on Thursday.
Cable dipped back below 1.30 as markets anticipate the Bank of England will cut its policy rate on Thursday.
Treasury yields were up 5 to 15 basis points as the curve steepened. The 2s-10s curve was up about 6 basis points to +14.8bp.
The S&P 500 surged 2.3% as financials and industrial stocks rallied.
Oil was little changed as fears of a hard line against Iran helped to limit losses.
Gold fell 2.8% as a surging dollar weighed on precious metals.
Copper tumbled 5.0% on fears a Trump win will slow transition to electrification.
Heading toward the close: EUR/USD -1.64%, USD/JPY +1.90%, GBP/USD -1.02%, AUD/USD -0.75%, DXY +1.53%, EUR/JPY +0.20%, GBP/JPY +0.84%, AUD/JPY +1.10%.
For more click on FXBUZ
Editing by Burton Frierson
Reporting by Robert Fullem
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
