 Dollar rises modestly in early US trading following stronger-than-expected Q2 GDP data. The robust performance overshadowed the mixed durable goods orders data, instilling some optimism in the market. Despite this, overall market reactions remain subdued. US futures point to a flat open, suggesting a degree of stabilization following yesterday's sharp selloff. Additionally, 10-year yield has recovered slightly from its earlier dip. Meanwhile, the Japanese Yen, which had seen significant gains recently, is retreating slightly. The buying climax for the Yen might have passed, but it's too early to determine if risk sentiment has improved. Traders could be switching their positions to the Yen's safe-haven counterpart, the Swiss Franc, which is currently the strongest currency for the day... |
