Forex news for North American trading on September 11, 2020:
Markets:
– S&P 500 up 2 points to 3340
– US 10-yaer yields down 1 bps to 0.67%
– Gold down $4 to $1941
The CPI report was largely driven by a jump in used car prices but the effect on markets was small. Counter-intuitively, Treasury yields declined on the

AUD/JPY didn’t make a significant move and USD/MXN keeps breaking down
It was a whirlwind week but if you take a step back, there were really three themes: Tech stock weakness, a drop in sterling and oil softness.

Forex news from the European trading session – 11 September 2020
Headlines:
Markets:
– AUD and NZD lead, JPY lags on the day
– European equities mixed; E-minis up 0.8%

Comments by ECB president, Christine Lagarde
here

The EU will wait on the reaction of the UK by the end of the month deadline
This, according to the bloc’s executive saying that:
„We are going to wait for the reaction of the UK by that deadline and we will consider next steps once we have reached that particular bridge. And in the meantime we

Bloomberg reports, citing a statement by the Chinese foreign ministry
here
Yeah, I’m not sure ‚unspecified countermeasures‘ is what is going to be the straw that breaks the camel’s back. Carry on as you will.

EUR/USD moves to a session high of 1.1874
Dollar weakness is partially the story here but the euro is keeping up with gains seen in commodity currencies so far on the session, amid the more upbeat tone in US futures with S&P 500 futures up ~0.9% and Nasdaq futures up ~1.3%.

All eyes on Lagarde now
The statement earlier offered nothing new for market participants to chew, with all the attention now turning towards ECB president Lagarde’s press conference instead.

The full text of the latest ECB monetary policy statement – 10 September 2020
At today’s meeting the Governing Council of the ECB took the following monetary policy decisions:

Forex news from the European trading session – 10 September 2020
Headlines:
Markets:
– CHF leads, AUD lags on the day
– European equities slightly lower; E-minis down 0.5%