Saturday , 21 September 2024
Home Forex ForexLive European FX news wrap: Markets begin CPI countdown, kiwi holds lower post-RBNZ
Forex

ForexLive European FX news wrap: Markets begin CPI countdown, kiwi holds lower post-RBNZ

Headlines:

Markets:

  • GBP leads, NZD lags on the day
  • European equities higher; S&P 500 futures up 0.2%
  • US 10-year yields down 3 bps to 4.27%
  • Gold up 0.6% to $2,378.12
  • WTI crude down 0.2% to $81.22
  • Bitcoin up 1.0% to $58,510

It was a relatively quiet session and unsurprisingly so. Markets are now caught in a lull, awaiting the US inflation report tomorrow. As such, traders lacked any real conviction during the session.

The main mover on the day remains the New Zealand dollar, which fell in Asia Pacific trading after a more dovish stance adopted by the Reserve Bank of New Zealand. NZD/USD remains down 0.8% to 0.6070 levels, where it was holding mostly since the drop.

Besides that, major currencies didn’t offer too much else with narrow ranges prevailing for the most part. EUR/USD is up marginally by 0.1% but is stuck within a 15 pips range. So, that speaks much to the overall mood today.

In the equities space, European stocks are bouncing back a little after the selloff yesterday. The better mood in Wall Street is helping but overall, French political jitters are still a cause for concern.

Now, the wait continues ahead of the main event tomorrow then.

This article was written by Justin Low at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Global Market Weekly Recap: September 16 – 20, 2024

It was a hectic week in the global financial markets, as the...

FX Weekly Recap: September 16 – 20, 2024

Although the FOMC decision was the main event on everyone’s radars, there...

Forexlive Americas FX news wrap 20 Sep: The week comes to s close with the USD mostly up.

Mixed end to the day for the major indicesQualcomm has approached Intel...

USD/JPY Price Forecast: Records back-to-back days of gains, stays below 144.00

The USD/JPY registers gain for back-to-back days, yet it remains shy of...