ForexLive European FX news wrap: Dollar holds a little softer awaiting US-China talks | Forexlive
Headlines:
Markets:
- NZD leads, USD lags on the day
- European equities lower; S&P 500 futures up 0.2%
- US 10-year yields flat at 4.505%
- Gold up 0.3% to $3,320.43
- WTI crude up 0.5% to $64.90
- Bitcoin up 1.5% to $107,777
It was a quiet session for the most part as markets are caught on edge waiting on what will come from the US-China trade talks in London later today.
There’s still no word on when exactly that will be but the latest from White House economic director Hassett is that it will involve discussions on easing rare earth export controls on China’s side at least. He added that there ‘absolutely’ will be progress, even if the meeting will be a short one.
That is keeping US futures buoyed with S&P 500 futures now up 0.2% on the day after having been largely flattish before that. European indices are not too enthused today, keeping a little lower so far on the session.
In FX, the dollar remains on the backfoot but have recovered some ground in the past half hour at least. USD/JPY fell to around 144.00 earlier in the session before nudging back up to 144.43 now – down just 0.3% on the day. Meanwhile, EUR/USD was up earlier to around 1.1440 but is now up just 0.1% at 1.1410 ahead of US trading.
The antipodeans are faring well though with AUD/USD up 0.5% to 0.6520 and once again eyeing a firmer break of the 0.6500 level.
In other markets, gold is also holding a slight advance to start the week with the precious metal up at $3,320. But once again, it is silver leading the charge in the commodities space as it races up above $36 with 1% gains to $36.31 currently.
And now, we wait on the headlines from US-China trade talks in London.
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