Following four sessions of declines, the Bloomberg Dollar Spot Index gained 0.3% in currency markets. The euro decreased 0.3% to $1.1698 and the British pound fell 0.4% to $1.3424. The Japanese yen weakened 0.2%, trading at 147.34 per dollar.
In bonds, the US 10-year steadied at 4.10%. Germany’s 10-year yield edged down by one basis point to 2.70%, while the UK 10-year yield rose one basis point to 4.71%. Commodities showed pressure as oil and gold prices retreated. West Texas Intermediate crude fell 1.5% to $60.85 a barrel, its lowest level in four months, amid expectations that OPEC+ would restore supply. Spot gold declined 0.9% to $3,829.74 an ounce, cooling after a recent rally.
On the other hand, cryptocurrencies soared, with Bitcoin rising 2% to $120,000 and Ether increasing 2.5% to $4,445.