Lates News

As preliminary results of the U.S. midterm elections show Democrats holding the advantage, the U.S. 10-year Treasury yield retreated from 4.97% earlier to around 4.89%, hitting its lowest level since early September. Meanwhile, U.S. stock index futures came under selling pressure, and the dollar also fell to its lowest level since late September. Sean Callow, a currency strategist at ITC Markets, said the reaction in the foreign exchange market is intensifying. He added that the Swiss franc rose 0.8%, in line with the sharp stock market decline; the euro rose 0.6% against the dollar, and the yen rose 0.5% against the dollar.