- AUD leads, CAD lags on the day
- European equities decrease; S&P 500 futures up 0.1%
- US 10-year yields down 2.2 bps to three.553%
- Gold up 0.6% to $1,779.11
- WTI crude down 1.3% to $75.88
- Bitcoin up 0.2% to $17,012
It was a quiet session for essentially the most half barring a late drop in bond yields, leading to a drag on the greenback as we glance in direction of North America buying and selling now.
10-year Treasury yields nudged greater initially to three.607% and that noticed USD/JPY run as much as take a look at its 200-hour shifting common round 137.43 in early European buying and selling. The transfer did not final although and as bond yields fell again and sit decrease on the day, the greenback can be seeing a notable retreat with USD/JPY dragged again right down to 136.00 – testing its 100-hour shifting common at 136.09 presently.
Different main currencies have been little modified largely, earlier than advancing in opposition to the greenback previously hour or so. EUR/USD held at its personal 100-hour shifting common close to 1.0480, earlier than coming again as much as 1.0525 now. GBP/USD additionally noticed a drop to 1.2160 earlier than choosing itself again as much as 1.2230 ranges in the intervening time.
Elsewhere, AUD/USD is a notable gainer because it stored positive aspects from the RBA coverage resolution earlier – pushing to 0.6730-40 ranges presently, up 0.6% on the day. The loonie is the laggard although because it continues to be dragged down by the drop in oil costs since yesterday, with WTI crude down over 1% once more in the present day to only below $76.
All of this comes amid a extra tepid temper within the equities area, with broader market sentiment nonetheless hinting that we’re coming into a little bit of a tense interval within the construct up in direction of subsequent week’s US CPI information and FOMC assembly resolution.