ForexLive European FX news wrap: Dollar steadies itself, mixed German states CPI

0
(0)
Headlines:

Markets:

  • GBP leads, JPY lags on the day
  • European equities lower; S&P 500 futures down 0.1%
  • US 10-year yields up 3.3 bps to 4.155%
  • Gold flat at $1,937.82
  • WTI crude up 0.7% to $81.21
  • Bitcoin down 0.7% to $27,396

After the sharp moves yesterday, things are looking calmer for now at least in European trading.

The dollar steadied itself as bond yields also find a bit of a footing. But all of this is coming before we get to the US ADP employment roulette data later today.

Among the highlights of the session was CPI data for German states. The early one was for NRW which saw a slight rise in August inflation and that spooked ECB bettors a little. They moved to price in odds of a 25 bps rate hike to ~61% from around ~54% before that.

But after the other mixed readings, the pricing fell to ~51% and is now holding at around ~57%. As such, the euro is also holding steady across the board with EUR/USD little changed at 1.0885 currently.

The dollar is seeing gains more notable against the yen and antipodeans. USD/JPY is up 0.4% to 146.40 as slightly higher yields are helping. Meanwhile, AUD/USD is down slightly by 0.2% to 0.6470 but off its earlier lows of 0.6450 at least.

In the equities space, the mood is more tentative and tepid now as dollar and yields are holding their ground after the fall yesterday.

It’s now over to the ADP number to see if there is reason for the outsized reaction yesterday to take hold again today.

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?