ForexLive European FX news wrap: Markets stay on edge as US CPI data looms | Forexlive


Headlines:

Markets:

EUR leads, CAD lags on the dayEuropean equities a little higher; S&P 500 futures up 0.1%US 10-year yields down 0.6 bps to 4.624%Gold flat at $1,945.83WTI crude down 0.2% to $78.09Bitcoin down 0.5% to $36,298

It was a relatively quiet session as markets are bracing for the US CPI data that is to come later. Major currencies were largely muted with the dollar marginally lower at the balance. The euro is slightly higher but outside of that, there is no notable movement in the FX space for the time being.

Equities were also tentative alongside bond yields, as traders and investors are all not pre-committing to any moves before we get to the main event later in the day. US futures were a touch higher earlier on but are now trading little changed again but buyers are staying poised for a push higher as noted here.

There isn’t much else to remark on the session really. It’s now over to the US CPI data to provide the next indicative steps for markets this week.



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