ForexLive European FX news wrap: Dollar mixed in slower trading session | Forexlive


Headlines:

Markets:

AUD leads, CHF lags on the dayEuropean equities higher; S&P 500 futures up 0.4%US 10-year yields down 1.4 bps to 4.090%Gold up 0.4% to $2,014.49WTI crude up 0.1% to $72.63Bitcoin down 0.6% to $42,366

It was a slower session overall as markets are taking a bit of a breather after the heavy action from earlier this week.

A lack of follow through in the bond market selling is also perhaps a reason for traders to rest for a little bit, as major currencies are not really hinting at much on the day. The dollar is trading more mixed, with USD/JPY down 0.2% to 147.90 but off earlier lows of 147.65 on the day.

EUR/USD is little changed at 1.0875 but off its earlier high of 1.0906 while AUD/USD is keeping higher by 0.2% at 0.6565, though the changes are all relatively light so far today.

10-year Treasury yields are down a touch and still hugging the 200-day moving average of 4.084%, so that is keeping broader markets on edge as we await more data from the US. There is the weekly jobless claims and Philly Fed manufacturing index coming up later.

In the equities space, China stocks saw a late rebound after sinking to multi-year lows as the ‘plunge protection team’ stepped in. That helped to steady sentiment a little before a jump in tech stocks is now helping with the mood ahead of US trading.



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