Good Morning ,
Here’s a quick look at today’s economic news and market activity:
- Risk sentiment remained cautious amid uncertainty surrounding the Middle East conflict.
- Brent crude held above $90 per barrel as geopolitical tensions continued to support oil prices.
- US Treasury announced an expansion of liquidity buybacks in longer-dated bonds
- Long-end Treasury yields moved lower following the announcement.
- On the currency front, the dollar weakened
- EUR/USD rose to $1.1680; GBP/USD moved into $1.36 territory; USD/JPY fell below ¥159.
- A sparse data calendar today means Middle East developments are likely to be in focus
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