ForexLive European FX news wrap: Currencies rangebound awaiting the week’s major events



  • USD little changed
  • European equities lower; S&P 500 futures down 0.2%
  • US 10-year yields up 1.6 bps to 4.338%
  • Gold up 0.1% to $1,926.46
  • WTI crude up 0.6% to $91.30
  • Bitcoin up 2.9% to $27,194

It was a quiet session overall as markets look to get settled into the new week, playing a bit more of a waiting game ahead of key central bank policy decisions still to come.

There will also be a host of major economic data and all eyes will be on the economic calendar in the days ahead, leaving little to work with for now.

As such, major currencies are still caught in relatively narrow ranges with little incentive to really move. Dollar pairs are tightly bound so there isn’t much to really touch on in the FX space.

In other markets, oil continues its impressive form with WTI crude inching above $91 while bond yields are also holding up with 10-year Treasury yields right on the cusp of a breakout to its highest levels since 2007.

Equities on the other hand are stuttering now ahead of the US open, after a relatively calmer session in Europe. The UAW strike is still a factor for US stocks, so keep that in mind as we get into the thick of things to start the new week.

This article was written by Justin Low at

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