European stocks and the dollar fell on Tuesday after hitting a two-month high as relief that the US government avoided a potential default gave way to fears the deal could face a rocky road in Congress.
treasury bond Long-term prices in the US rose as traders welcomed the agreement to suspend trading. borrowing limit from Washington until January 2025 in exchange for spending cuts and cuts in government programs.
However dollar and European stock markets They fell amid uncertainty about whether Congress would pass the agreement after several right-wing Republican lawmakers said Monday they would oppose the bill, although it is expected to pass.
He pan-European index STOXX 600 0.2% remained after Friday’s biggest weekly drop in two months.
US stock futures reported a slight recovery, indicating a positive start to the day for Wall Streetwhich was closed on Monday for the Memorial Day holiday.
Performance us bonds 10-year bonds lost 9.7 basis points, to 3.72%, while 30-year bonds lost 8 basis points, to 3.89%.
He dollar index it fell 0.26% to 104.03 units after hitting a high two months earlier. The dollar was also approaching a six-month high against the yuan.
Reuters
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
