ForexLive European FX news wrap: Dollar steady, US CPI report up next | Forexlive
Headlines:
Markets:
- EUR leads, NZD lags on the day
- European equities lower; S&P 500 futures down 0.2%
- US 10-year yields up 1.8 bps to 4.491%
- Gold up 0.4% to $3,334.52
- WTI crude up 1.8% to $65.85
- Bitcoin down 0.6% to $109,233
There wasn’t much action during the session with traders and investors eyeing more pertinent key risk events later in the day.
The conclusion of US-China trade talks in London were a bit of a fizzle as we await the final details and Trump to make a big deal out of it of course. As such, the enthusiasm is cooling a little for the time being. Besides that, we’re also waiting on the US CPI report for May and that will be another point for markets to watch out for.
Given the backdrop, major currencies were largely subdued in European trading. The dollar is keeping steadier and a little more mixed across the board. The overall changes are light though, with EUR/USD flat at 1.1428 and USD/JPY up slightly by just 0.3% to 145.23 currently. Meanwhile, GBP/USD is flat at 1.3495 and AUD/USD down 0.2% to 0.6505 on the day.
In the equities space, there wasn’t anything exciting either. US futures kept marginally lower and held that throughout the session while European indices lacked any impetus or real direction, awaiting the more important developments above.
Oil is arguably the only standout on the session, jumping higher after a report stating that Trump is less confident about a deal with Iran. WTI crude is up to $65.85 and knocking on the door of its 100-day moving average at $66.06 once again.
On to the US CPI report up next then.
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