Forexlive European FX news wrap 11 Apr – Markets trade cautiously ahead of US PPI |

Markets have traded mostly cautiously as we wait for the ECB policy decision and the US PPI data.

Equities: We’ve seen continued pressure in equity futures with downside seen across US, EMEA and Asia-Pac equity futures.

Commodities: Trades mixed with energy lower, precious metals higher, and base metals mixed with iron higher but copper lower.

Bonds: Pressure in the bond market continues, pushing yields higher across the board. Focus will be on the incoming US PPI data which feeds into PCE data.

FX: Currencies have not followed the cautious risk tone as the high beta AUD and NZD have been leading the pack to the upside, while the JPY and EUR have been the underperformers.

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