ForexLive European FX news wrap: Light changes amid holiday-thin markets | Forexlive


Headlines:

Markets:

NZD leads, USD lags on the dayEuropean equities a touch higherGold up 0.4% to $2,343.61WTI crude up 0.6% to $78.18Bitcoin down 0.7% to $68,400

It was a quiet session for the most part as markets are having to deal with long weekends in both the UK and US later.

Major currencies are lacking much enthusiasm, with the dollar lightly changed across the board. It is marginally lower but the ranges for the day are leaving a lot to be desired still. Dollar pairs are only seeing 20-30 pips range across the board, so that says it all really.

USD/JPY was down earlier in Asia to 156.70 but has recovered a little to 156.88 currently. Meanwhile, the aussie and kiwi are lightly higher but nothing to really shout about. AUD/USD is up 0.3% to 0.6645 from around 0.6630 earlier while NZD/USD is up 0.3% to 0.6140 from around 0.6125 earlier in the day.

In other markets, precious metals are hoping to steady themselves after last week’s rough showing. Gold is up slightly to $2,343 while silver is seen up 1.6% to $30.85 after coming close to a test of $30 on Friday.

With it being a US holiday, don’t expect too much action in the day ahead. The actual trading week is likely to only kick off tomorrow.



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