Reversed to decrease after Fed officials' comments

The USD continued to decline in the last trading session, as Treasury bond interest rates dropped sharply following "dovish" comments from US Federal Reserve (Fed) officials.

Accordingly, the benchmark US 10-year Treasury bond fell from the highest level reached on October 9 of 4.887%, to the lowest level of the day of 4.618%, after Atlanta Fed President Raphael Bostic said that , the US Central Bank does not need to raise interest rates any further.

However, the conflict - Hamas's military attack on Israel caused risk appetite in the market to decline sharply after developments showed that the violence situation in Israel was escalating. However, many veteran market observers were surprised that the market did not react more strongly to a geopolitical crisis that was considered the worst in 50 years.

The USD, which is considered a safe haven, has strengthened since the morning session of October 9, when the violent situation in the Middle East made markets worried, while the US's positive employment report also supports the “greenback”.