DXY price today, USD keeps increasing in price
The U.S. Department of Labor report showed the annual increase in consumer prices in September was the smallest in the past two years, excluding volatile food and energy components. But the unexpected increase in rental costs has attracted the attention of investors.
An auction of US 30-year notes showed falling demand for bonds also sent Treasury yields higher. In afternoon trading, the benchmark US 10-year bond yield was last up 10.2 bps at 4.699%, after hitting a two-week low of 4.53% in the previous session.
Rising yields have weighed on Wall Street stocks.
Alan Lancz, president of Alan B. Lancz & Associates Inc, an investment advisory firm headquartered in Toledo, Ohio, said current yields will be the main driver in determining the direction of the U.S. market.
However, it will be a challenging market. Mr. Alan said many people think the fourth quarter will be bullish... but it will be difficult with all the turmoil going on now in the Middle East and with other earnings.
An auction of US 30-year notes showed falling demand for bonds also sent Treasury yields higher. In afternoon trading, the benchmark US 10-year bond yield was last up 10.2 bps at 4.699%, after hitting a two-week low of 4.53% in the previous session.
Rising yields have weighed on Wall Street stocks.
Alan Lancz, president of Alan B. Lancz & Associates Inc, an investment advisory firm headquartered in Toledo, Ohio, said current yields will be the main driver in determining the direction of the U.S. market.
However, it will be a challenging market. Mr. Alan said many people think the fourth quarter will be bullish... but it will be difficult with all the turmoil going on now in the Middle East and with other earnings.
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