ForexLive European FX news wrap: Dollar steady, oil drops amid US holiday | Forexlive


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Markets:

EUR leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.1%Gold up 0.1% to $2,051.43WTI crude down 1.2% to $71.79Bitcoin up 2.2% to $42,615

It was a quiet session for the most part and not surprisingly so, with US markets observing a long weekend.

The dollar remains steadier across the board, holding modest gains against the likes of the yen and antipodean currencies. USD/JPY pushed up from 145.20 to 145.90 on the session with bond yields holding a little higher in Europe.

The aussie and kiwi are weaker as the Chinese yuan also softened, with risk appetite also sapped to start the week. NZD/USD in particular is looking for a steeper drop as it falls below 0.6200 on the day.

Besides that, European currencies are mostly little changed with the pound slightly lower while the euro is keeping on par with the dollar. There were some hawkish ECB comments but as we know, traders are not quite buying it unless the data says otherwise.

In the commodities space, oil is down amid a lack of escalation in Middle East tensions while gold is keeping lightly changed overall, though maintaining its break higher from Friday at around $2,051 currently.



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