ForexLive European FX news wrap: Dollar mixed in quiet start to the week



  • CHF leads, JPY lags on the day
  • European equities lower; S&P 500 futures flat
  • US 10-year yields flat at 3.678%
  • Gold down 0.2% to $1,972.01
  • WTI crude up 0.1% to $71.62
  • Bitcoin down 0.1% to $26,803

It was a quiet session for the most part with a lack of key economic releases not really helping with the mood in Europe. The dollar saw its gains last week checked back on Friday and it was more of the same story today.

The greenback traded more mixed across the board as US debt ceiling concerns continue to work its way through markets. EUR/USD is marginally lower at 1.0810-20 levels as buyers look to push back against a break below its 100-day moving average last week, though upside is capped nearer to the 100-hour moving average for now.

USD/JPY was also largely more tepid around 137.80-90 earlier before Fed’s Kashkari offered up a nudge higher for the pair and bond yields, moving up to 138.20 levels at the moment. That is now helping the pair to build on last week’s break after a bit of a check back early on today and on Friday.

Meanwhile, the franc is the lead gainer as USD/CHF fails to make its way past 0.9000 in a drop back to 0.8960 currently.

Elsewhere, with equities also looking fairly tentative and tepid, the antipodeans aren’t up to much with AUD/USD down 0.2% to 0.6635 and NZD/USD little changed at around 0.6275 on the day.

This article was written by Justin Low at

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