Exclusive: GM further cuts production in North America due to global chip shortage

© Reuters. Logo of GM atop the company headquarters DETROIT (Reuters) – General Motors Co (NYSE:) extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. The U.S. automaker said its Wentzville, Missouri, assembly plant would be idled during the weeks beginning March 29 […]

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Treasury yields at the highs for the day ahead of North American trading

10-year Treasury yields are up over 7 bps at 1.612% Invest in yourself. See our forex education hub. The market managed to catch some relief over the past few days as 10-year Treasury yields eased lower from 1.60% on Monday to a low of around 1.48% yesterday. But when sentiment turns, it sure turns rather […]

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Treasury yields stay on the retreat ahead of North American trading

10-year Treasury yields are down by nearly 7 bps to 1.521% Invest in yourself. See our forex education hub. The drop sees 10-year yields fall to their lowest since last Thursday, backing off from a test of 1.60% yesterday. The retreat in yields is keeping risk assets more buoyed with European indices holding modest gains […]

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Dollar creeps a little higher ahead of North American trading

EUR/USD eases to session lows of 1.2067 It has been a relatively choppy session for major currencies as the dollar rocks back and forth on the session with little firm direction really. EUR/USD touched 1.2100 early on before retreating to 1.2080 and then caught a bounce on the ECB report earlier as the dollar also […]

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The jitters are returning ahead of North American trading

US futures turn lower, dollar stays more bid as commodity currencies sink S&P 500 futures have turned lower, down by 0.5%, while Nasdaq futures have also pared its earlier advance (following a turnaround) to be down 0.7%.Invest in yourself. See our forex education hub. The jitters are still evident in the market as we await […]

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Dollar lower, focus stays on yields ahead of North American trading

Dollar pares earlier gains to sit lower on the day again The greenback has given up its earlier advance, with EUR/USD moving up to 1.2144 and nearing a test of daily resistance closer to 1.2150 currently. Elsewhere, commodity currencies have also pared their drop a few hours ago with AUD/USD turning back up to 0.7887 […]

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Dollar keeps more resilient ahead of North American trading

Dollar holds firmer even as the reflation trade pauses for breath Equities are looking more tepid as tensions are stirring after the rout in the bond market yesterday. Treasuries may be finding some mild relief for now but sentiment remains on a knife’s edge as we look towards North American trading.Invest in yourself. See our […]

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Dollar pares gains, equities trim losses ahead of North American trading

The greenback falls to fresh lows on the day now It is shaping up to be groundhog day in the market as the dollar falls against most major currencies as it pares its earlier advance in the European morning. This comes as European indices are also trimming earlier losses with the DAX now seen down […]

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