ForexLive European FX news wrap: Dollar steadies alongside yields, stocks hold lower |


Headlines:

Markets:

JPY leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.4%US 10-year yields up 4 bps to 4.042%Gold up 0.3% to $2,035.12WTI crude up 2.4% to $72.48Bitcoin down 0.9% to $46,693

It was a quieter session in Europe today, bereft of any major headlines. The risk-on action yesterday saw no follow through though, as markets adopted a more cautious approach instead. Bond yields rebounded on the day with 10-year yields in the US holding above 4%, pinning down risk appetite.

Equities were more tepid early on but gradually moved lower with US futures now down some 0.4% on the day. European indices are also posting losses of around 0.3% to 0.4% on the session currently.

Overall, that is keeping the dollar steadier across the board. EUR/USD and GBP/USD are down just slightly to 1.0933 and 1.2720 respectively. USD/JPY is also down though by 0.2% to 144.00 but has recovered since Asia trading from around 143.70 earlier on.

Meanwhile, USD/CAD is also seen up 0.2% to 1.3370 and AUD/USD is marked down by 0.3% to 0.6695 on the day. All the pairs are still holding within ranges from what we saw in trading yesterday, so it isn’t really saying much.

We’ll see what the US session brings but as a reminder, it’s still a tale of two halves this week with the US CPI data to come on Thursday.



This article was originally published by a www.forexlive.com . Read the Original article here. .