Risk stays on the defensive ahead of North American trading

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Here’s a look at how the equities space is doing:Eurostoxx -1.1%Germany DAX -1.1%France CAC 40 -1.0%UK FTSE -0.2%S&P 500 futures -0.9%Nasdaq futures -1.1%Dow futures -0.7%That’s a bit of a retreat from the opening levels earlier in the day here. The bond selling is also hitting the pause button for now, with 10-year Treasury yields seen down to 3.02% from around 3.05% at the start of the session.But the dollar is still holding its ground with EUR/USD down slightly to 1.0670 near the lows for the day, while GBP/USD is down 0.3% to 1.2490 after a bounce from 1.2430 to 1.2530 as pointed out here. USD/JPY continues to stay perky and is up 0.7% to 132.80, staying in the hunt of a potential push towards 135.00 in the bigger picture.Meanwhile, AUD/USD is down slightly to 0.7180 after its post-RBA rally was faded quickly – falling from a high of 0.7245.

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