Major currencies see ranges stretch but nothing too significant
Commodity currencies still hold a slight lead on the day with the yen and franc the laggard, as risk tones are keeping more positive so far in European morning trade.

Forex news from the European trading session – 31 August 2021
Headlines:
Markets:
– NZD leads, USD lags on the day
– European equities lower; S&P 500 futures flat

Equities optimism turns flat on the day
US futures are backing off to the lows for the day as early gains are pared. Dow futures are now flat while S&P 500 futures and Nasdaq futures are switching over to negative territory ahead of North American trading.

A look at what is on the board for today
Not much to take note of for the day besides a large one for USD/CAD, as highlighted in . That is seen close to spot price and offers a bit of a magnet with last week’s lows also resting close by at 1.2579, still not really

Remarks by ECB policymaker, Robert Holzmann
– ECB in position to think about reducing pandemic aid
– ECB should de-link guidance on rates, APP purchases
– APP does not need same kind of flexibility as PEPP
This was supposed to have come in September but delta variant risks did throw a bit of a curveball to the economic outlook

Oil back down 1% on the day after a late recovery yesterday
WTI crude looks set for its worst month since October, with the 1% drop so far today adding to the poor August performance. The month has been characterised by a stronger dollar to some extent as well as delta variant concerns, weighing on oil

It has been a calm and steady session
There isn’t much to really shake things up as there weren’t any major headlines and with London also out today, it is making for a bit of a quieter session.

Forex news from the European trading session – 30 August 2021
Headlines:
Markets:
– CAD leads, CHF lags on the day
– European equities a little higher; S&P 500 futures up 0.1%

Reuters reports, citing three banking and policy sources
It is being said that China’s FX regulator, SAFE, has been conducting an atypical survey of banks and companies to check on their risk management process and ability to handle volatility in the yuan currency.

The latest update on Ida
From the NHC:
Tropical Storm #Ida Advisory 17: Ida Now a Tropical Storm Over Southwestern Mississippi. Dangerous Storm Surge, Damaging Winds, and Flash Flooding Continue Over Portions of Southeastern Louisiana and Southern Mississippi.
Well, at least this one is slowly getting out of the way but it surely won’t be the last for