Forex
US Dollar Extends Gains as Bond Yields Continue to Rise
The US dollar is gaining strength against most G10 currencies, with the yen being the exception. The NZD is experiencing its largest decline at around 1.4%.
CAD has traded within a narrow range over the past three sessions but broke lower today, targeting CAD1.40. Rising bond yields continue to impact equities in Asia-Pacific and Europe.
The risk-averse market persists with higher yields and falling stocks. US equity futures are warning of potential gaps lower for the S&P 500 and Nasdaq Composite when trading begins.