<p style=““ class=“text-align-justify“>The dollar is a touch higher but ranges are relatively narrow, so there isn’t much to really comment on. This comes as we see a bit of a bounce in Treasury yields after the plunge yesterday. 10-year yields are up 4 bps on the day to 3.46% but still keeping below the key technical level noted <a target=“_blank“ href=“https://www.forexlive.com/news/a-bit-of-a-bounce-in-yields-today-but-the-drop-yesterday-has-more-to-it-20221208/“ target=“_blank“ rel=“follow“>here</a> after the break in US trading the day before.</p><p style=““ class=“text-align-justify“>Equities remain tepid with European indices little changed. Meanwhile, S&P 500 futures are up 4 points, or 0.1%, and that also isn’t saying much although the cash market will have a test of its 100-day moving average to contend with later today as pointed out <a target=“_blank“ href=“https://www.forexlive.com/news/eurostoxx-futures-01-in-early-european-trading-20221208/“ target=“_blank“ rel=“follow“>here</a>.</p><p style=““ class=“text-align-justify“>It is shaping up to be a bit of a sideways session as broader markets lack the appetite and conviction ahead of next week’s main events.</p><p style=““ class=“text-align-justify“>We will get a bit of a taste of things via the US PPI data tomorrow but until then, we may have to just settle for a bit of nothingness in between.</p>

This article was written by Justin Low at www.forexlive.com.