The US dollar fell against the stock market, while US Treasuries, gold, and safe-haven currencies rose. Both the ADP employment report and ISM services data were disappointing

Wallstreetcn
2025.06.04 14:18

The yield on the 10-year U.S. Treasury bond quickly expanded its decline to 7.9 basis points, refreshing the daily low to below 4.3750%. The U.S. ADP small non-farm employment report and ISM non-manufacturing index brought two waves of significant downward trends.

The yield on the 2-year U.S. Treasury bond fell by about 7.0 basis points, refreshing the daily low to below 3.88%.

The ICE U.S. Dollar Index fell by 0.3%, refreshing the daily low to 98.932 points; the Bloomberg Dollar Index fell by more than 0.4%, refreshing the daily low to 1208.60 points.

The U.S. dollar against the Japanese yen fell by 0.5%, reported at 143.25.

The U.S. dollar against the Swiss franc fell by 0.5% during the day, reported at 0.8192.

Spot gold rose by $10 in the short term, returning to above $3365 per ounce, with the daily increase expanding to 0.36%.

The S&P 500 index narrowed its increase to 0.1%, while the Nasdaq 100 index turned negative.

The emerging market currency index refreshed its daily high