ForexLive European FX news wrap: Dollar firms slightly, oil holds early gains | Forexlive
Headlines:
Markets:
- USD leads, GBP lags on the day
- European equities mixed; S&P 500 futures flat
- US 10-year yields up 6.1 bps to 3.754%
- Gold down 0.3% to $1,941.37
- WTI crude up 2.4% to $73.44
- Bitcoin down 1.4% to $26,793
It was a decently slow session for the most part, with just a couple of economic releases to move things along in European morning trade.
The dollar picked up from where it left off last week, moving higher as it is helped by the bond market once again. Treasury yields pushed higher and that is in turn helping to underpin the greenback during the session.
Major currencies were initially lackluster in Asia but the dollar is now seeing slight gains on the day. EUR/USD is down 0.15% to 1.0690 while USD/JPY is up 0.2% to 140.25 at the moment.
A more tentative risk mood isn’t helping with commodity currencies, with the loonie also failing to enjoy the jump higher in oil prices today. In case you missed it, oil is benefiting from the OPEC+ surprise over the weekend here.
USD/CAD is up 0.15% to 1.3445 and AUD/USD down 0.4% to 0.6585 on the day. The pound is the laggard, down 0.5% to 1.2380 near the lows as we look towards North America trading.
There’s still plenty to play for during the week as the central bank bonanza returns. The RBA will kick things off tomorrow before we get to the BOC on Wednesday. Thereafter, the focus will shift towards the Fed, ECB, and BOJ next week.