ForexLive European FX news wrap: Dollar bid as risk sours

0
(0)
Headlines:

Markets:

  • USD leads, AUD lags on the day
  • European equities lower; S&P 500 futures down 0.8%
  • US 10-year yields down 8 bps to 3.998%
  • Gold down 0.4% to $1,929.44
  • WTI crude down 1.8% to $80.42
  • Bitcoin up 0.5% to $29,292

It was a quiet session bereft of headlines but there were some decent market moves. It would seem European traders are responding to the poor China trade balance from earlier today, as recession fears start to resurface.

That saw more defensive risk flows as equities slumped lower while bond yields also dropped. The latter in particular is rather notable with 10-year Treasury yields sliding back under the 4% mark.

In turn, the dollar kept up its bid from Asia trading and extended gains during the session. EUR/USD fell from 1.0980 to 1.0940 while GBP/USD dropped from 1.2760 to 1.2700 with both pairs more than erasing the advance from yesterday.

USD/JPY is keeping firmer around 143.05 but is down from around 143.40 earlier in the day.

As risk sentiment stays more defensive, the commodity currencies are the ones being hurt the most. USD/CAD is up 0.8% to 1.3475 as oil prices also drop heavily on the day. Meanwhile, AUD/USD is down 1.1% to test the 0.6500 mark.

It’s now over to Wall Street to make do with the more dour risk mood at the moment.

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

Go to Forexlive

Wie hilfreich war dieser Beitrag?

Klicke auf die Sterne um zu bewerten!

Durchschnittliche Bewertung 0 / 5. Anzahl Bewertungen: 0

Bisher keine Bewertungen! Sei der Erste, der diesen Beitrag bewertet.

Es tut uns leid, dass der Beitrag für dich nicht hilfreich war!

Lasse uns diesen Beitrag verbessern!

Wie können wir diesen Beitrag verbessern?