ForexLive European FX news wrap: Dollar mixed as yields ease a little more | Forexlive
Headlines:
Markets:
- JPY leads, GBP lags on the day
- European equities higher; S&P 500 futures up 0.2%
- US 10-year yields down 4.9 bps to 4.463%
- Gold up 0.1% to $2,330.09
- WTI crude up flat at $77.01
- Bitcoin up 2.0% to $69,057
There wasn’t many notable headlines in European trading today, with traders not having much to work with to start the new week/month.
PMI data releases were the only events on the agenda and they didn’t really offer much. Instead, lower bond yields is helping to keep some mixed flows in FX. 10-year yields in the US are down by nearly 5 bps to 4.46%, continuing the retreat from late last week.
That is weighing on USD/JPY, with the pair now down 0.3% to 156.85 while the greenback is sitting more mixed and little changed against the rest of the major currencies bloc.
In the equities space, European indices are holding higher after the gains in the Dow on Friday. But US futures are also a touch higher, so that is keeping the overall mood a slightly better one to start the day.
It’s all about the other key risk events coming up later this week, with the main one of course being the US jobs report on Friday.