Treasury Secretary Scott Bessent announced plans to expand long-term Treasury buybacks to counter soaring bond yields and cool a market 'fever.' Emphasizing he is not conducting quantitative easing, …
US equities rallied on strong earnings from Palantir, Caterpillar and Snap, plus hopes for a Strait of Hormuz deal. Oil tumbled while gold and silver gained; AMD earnings due after close.
US equities rally (+0.63%) while EURUSD ticks down about 0.05%, a minor euro retreat likely driven by a modest risk-on move and USD strength; moves are small and likely intraday noise.
EURUSD climbed about 0.36% alongside modest equity gains (S&P +0.47%, Dow +0.11%), indicating a short-term risk-on move lifting the euro versus the dollar.
S&P 500 +0.27% and Dow +0.43% while EURUSD barely moved (+0.01%), showing a modest equity-led risk-on tone with minimal impact on the euro/dollar rate.