ForexLive European FX news wrap: Markets quiet, Biden surprises with Kyiv visit | Forexlive
Headlines:
Markets:
- AUD leads, EUR lags on the day
- European equities mixed; S&P 500 futures down 0.1%
- Gold flat at $1,842.58
- WTI crude up 0.5% to $76.70
- Bitcoin up 1.5% to $24,870
It was a quiet session for the most part as markets are still more or less on break considering that it is a US holiday today.
After the dollar saw its attempted technical breakout rejected on Friday alongside a retreat in bond yields, it is pretty much back to the drawing board now for traders.
Major currencies are quiet and keeping little changed with the risk mood also looking rather tentative. European stocks aren’t hinting at much on the day, with little in terms of anything to work with.
The only notable event on the session was US president Biden’s surprise visit to Kyiv in a show of support to Ukraine. That said, the intention of his visit can also interpreted in a different manner if you take into account how relations between US and China are developing at the moment.
Things will likely be quiet in North America later today with some parts of Canada also on holiday. As such, expect normal trading conditions to only resume tomorrow.