US Dollar

Global Equities rose, while US Dollar weakened amid soft labor market data

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Global Equities rose, while US Dollar weak

July 3, 2024, US Stock Market – The Global equities rose while the US dollar weakened. This was largely due to softer-than-expected labor market data, which led investors to anticipate potential interest rate cuts by the Federal Reserve later this year. Global Equities rose due to softer-than-expected labor market data U.S. Labor Department data showed Read more: Global Equities rose, while US Dollar weakened amid soft labor market data..

US Yield rising, impact Dollar index up 0.15% at 106.00

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US Yield

US Yields have been on the rise, with the 10-year yield reaching a one-month high and nearing 4.50% on July 2, 2024. Meanwhile, Dollar index up 0.15% at 106.00. When US yields rise, it makes US Treasury bonds more attractive to investors, increasing the demand for the dollar and thus strengthening the dollar index. This Read more: US Yield rising, impact Dollar index up 0.15% at 106.00..

Saudi Arabia’s Petrodollar Ends? Check Impact on Indian Market

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Pertodollar

Petrodollar is pricing of oil in US dollar. This is the most common and significant meaning of “petrodollar.” It refers to the pricing of oil in US dollars in the international market. In 1974, the US and Saudi Arabia reached a series of agreements. Where Saudi Arabia would price oil in dollars and invest its Read more: Saudi Arabia’s Petrodollar Ends? Check Impact on Indian Market..