ForexLive European FX news wrap: Currencies lightly changed awaiting US PCE



  • AUD leads, CHF lags on the day
  • European equities mixed; S&P 500 futures up 0.3%
  • US 10-year yields up 1.6 bps to 4.303%
  • Gold up 0.3% to $2,333.81
  • WTI crude up 0.7% to $81.42
  • Bitcoin up 0.2% to $61,542

It was a more tentative session for FX, with traders seeing little appetite to move before we get to the US PCE price data later today.

We got some inflation data from France, Spain, and Italy but that failed to move the needle in the euro. The single currency is also stymied by larger option expiries on the day, layered between 1.0650 to 1.0725.

Overall, major currencies saw little appetite with dollar pairs now keeping roughly 0.1% changed across the board. USD/JPY remains one to watch, this time easing slightly during the session from 161.00 to 160.60 currently.

In the equities space, French stocks are lagging as investors sense caution ahead of the first round of the elections this weekend. That will also be a risk factor for the euro over the next two weeks. US futures are looking modestly optimistic, after having seen tech shares lead the bounce yesterday.

It’s over to the US PCE price data to see what that has to offer next. And just be wary of potential month-end and quarter-end shenanigans ahead of the London fix too.

Have a great weekend, everyone.

This article was written by Justin Low at

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