Risk aversion bites harder, US dollar rises to the best levels of the day | Forexlive

The US dollar is at the best levels of the day as S&P 500 futures extend declines to 32 points, or 0.7%.

Risk aversion is creeping in with yields rising 7 bps at the front end. Gold is now down 1.2% after rising to a recorder earlier. EUR/USD is down 63 pips and is now trading at the lowest since November 14, breaking some decent support:

There’s a sense of profit-taking out there after a sparkling November.

Jim Cramer today on CNBC: “We have had such a huge rally, anybody who thinks we can continue this momentum has to take pause”.

Meanwhile, this was Cramer at 3 pm ET on Friday:

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• Source: https://www.forexlive.com/news/risk-aversion-bites-harder-us-dollar-rises-to-the-best-levels-of-the-day-20231204/