ening, to slide below the 1.0550 level ahead of Wall Street’s opening. The market mood was upbeat at the weekly opening. TheThe country published the official NBS Manufacturing PMI on Saturday, which rose in August to 50.2 from 49.7 in the previous month. The Non-Manufacturing PMI improved in the same period from 51 to 51.7, beating expectations. Finally, the September Caixin Manufacturing PMI printed at 50.6, while the services index came in at 50.
Finally, rallying US Treasury yields boosted demand for the US Dollar. The 10-year Treasury note yielded as much as 4.64%, the highest since 2007, while the 2-year note offers 5.10% ahead of the opening, up 5 basis points .resumed their slides within negative levels after correcting the oversold conditions reached last week. At the same time, the 20 Simple Moving Average keeps heading south far above the current level while below the longer ones., the risk also skews to the downside.
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