ForexLive European FX news wrap: Dollar mixed with PCE inflation, month-end in focus



  • CAD leads, CHF lags on the day
  • European equities mixed; S&P 500 futures down 0.3%
  • US 10-year yields up 0.6 bps to 4.560%
  • Gold flat at $2,342.98
  • WTI crude down 0.1% to $77.83
  • Bitcoin down 0.4% to $68,180

The dollar is mixed as May trading starts to wind down, though we still have the US PCE price data coming up later.

The greenback is recouping losses against the yen and franc from yesterday but is slightly lower elsewhere. EUR/USD is up 0.1% to 1.0845, helped by a stronger than estimated Eurozone inflation report. Meanwhile, commodity currencies are also higher and that is despite a more sluggish risk mood overall. USD/CAD is down 0.3% to 1.3635 and AUD/USD up 0.2% to 0.6645 on the day.

As for USD/JPY, the pair moved up from 156.80 earlier in the day to 157.30 and is holding thereabouts now. USD/CHF is also seen up 0.3% to 0.9060, after a low of 0.9023 in Asia trading.

In other markets, European indices are looking fairly mixed as US futures are languishing further on the week. The bond market is keeping steadier but it’s all on the US PCE price data and potential month-end trickery next to see how we’re going to finish things this week/month.

This article was written by Justin Low at

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