ForexLive European FX news wrap: Waiting on the Fed | Forexlive
Headlines:
Markets:
- JPY leads, USD lags on the day
- European equities mixed; S&P 500 futures flat
- US 10-year yields down 1 bps to 4.042%
- Gold up 0.5% to $1,655.29
- WTI crude flat at $88.36
- Bitcoin down 0.1% to $20,458
It was a quiet one in European trading as markets lacked appetite to really make any moves, awaiting the FOMC meeting later today.
Equities were tentative alongside bonds, seeing more sideways action while the dollar is keeping slightly on the softer side since Asia trading. USD/JPY is a notable mover as it is down over 100 pips to hit around 147.00 but the volatile trading as of late isn’t anything new, with the pair still largely caught between 145.00 to 150.00 in the bigger picture.
The dollar traded just slightly weaker against the rest of the major currencies bloc with EUR/USD up 0.2% to hug close to 0.9900 and GBP/USD up 0.2% to stick around 1.1500 during the session.
In the commodities space, gold is up a touch while oil is also showing more tentative signs as broader markets are also waiting on the Fed for the next steps on the week.
Tick tock, tick tock. The FOMC decision can’t come soon enough.