fxstreet.com 04 Feb, 2021 08:00 am

Higher yields boost dollar, melt gold as US stimulus, BOE's Super Thursday eyed

Higher yields boost dollar, melt gold as US stimulus, BOE's Super Thursday eyed
Here is what you need to know on Thursday, February 4: US Treasury yields continue their upward march amid hopes for a large US stimulus package, carr

The effect of vaccine news and upbeat US data is fading ahead of the BOE's rate decision and US jobless claims.Weekly jobless claims are set to drop for a third consecutive week.See Initial Jobless Claims Preview: Do rising claims augur job losses in January?Here is what you need to know on Thursday, February 4: US Treasury yields continue their upward march amid hopes for a large US stimulus package, carrying the dollar higher and commodities lower.

Elevated returns on US government debt have pushed the dollar higher, with EUR/USD nearing 1." Governor Andrew Bailey will likely comment on the BOE's review of negative interest rates, the outlook for the economy and Britain's successful vaccination campaign.

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