ForexLive European FX news wrap: Dollar holds steady, ADP and BOC up next | Forexlive
Headlines:
Markets:
- NZD leads, JPY lags on the day
- European equities higher; S&P 500 futures up 0.3%
- US 10-year yields down 1.2 bps to 4.324%
- Gold up 0.2% to $2,332.11
- WTI crude up 0.6% to $73.67
- Bitcoin up 0.8% to $70,969
It was more of a placeholder session as markets are waiting on the US ADP employment data to come in just a little bit.
The dollar is little changed mostly in the major currencies space, with the exception being USD/JPY. The yen itself is down across the board, retracing back the move from yesterday. USD/JPY is up 0.8% to 156.15 as it gradually pushed up from Asia trading.
Besides that, the greenback remains locked in with the rest of the major currencies as we await further developments this week.
In the equities space, stocks look to be recovering further after the late bounce in Wall Street. But the overall mood will still be subject to more data later this week.
As for bonds, we are at a critical juncture for 10-year Treasury yields as seen here.
The highlights later in the day will be the US ADP roulette and the Bank of Canada policy decision. So, let’s see what those have to offer to markets next.