ForexLive European FX news wrap: Slight pullback in the dollar



  • AUD leads, JPY lags on the day
  • European equities higher; S&P 500 futures up 0.4%
  • US 10-year yields up 2.2 bps to 3.485%
  • Gold up 0.2% to $2,015.03
  • WTI crude up 0.6% to $70.45
  • Bitcoin up 3.7% to $27,423

It was a relatively slow session but there were some decent moves in markets to start the new week.

The dollar is seeing a bit of a light pullback as risk sentiment recovers, with equities pushing higher in European morning trade. That weighed on the greenback as well as the yen, with a slight rise across the board for other major currencies.

EUR/USD moved up from 1.0860 to 1.0880 while GBP/USD moved up from 1.2460 to 1.2500 during the session. The antipodeans were the lead gainers, with AUD/USD improving from 0.6670 in Asia to 0.6690 and holding at the highs for the day now. NZD/USD is also up 0.4% to 0.6215 but off its earlier high of 0.6230 earlier in the day.

USD/JPY also pushed higher as yields moved up amid the better risk sentiment, with the pair holding just above 136.00 for now – up 0.3% on the day.

Elsewhere, commodities also traded higher across the board as it is a case of a dollar pullback mostly amid a slight bounce in the risk mood to kick start the week.

This article was written by Justin Low at

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