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breaking news ForexLive European FX news wrap: Dollar slightly lower, Christmas awaits


Securities:

Markets:

  • NZD leads, JPY lags the day
  • European equities mixed; S&P 500 futures up 0.1%
  • US 10-year yields up 2.8 basis points to 3.710%
  • Gold up 0.3% at $1,798.17
  • WTI crude up 2.2% at $79.24
  • Bitcoin up 0.3% to $16,840

It was again a quiet session in Europe as the year continues to wind down ahead of the Christmas weekend.

Equities were hesitant and we saw mixed moves in the bond market, with major currencies also not painting a consistent picture. It’s the end of the year for you I guess.

US futures were little changed as the technical chart continues to look worrisome, as previously reported here.

The dollar is down slightly, only trading higher against the yen as USD/JPY consolidates losses after Tuesday’s free fall. Overall the changes are small, with EUR/USD still looking for a bullish break above 1.0600 and GBP/USD heading back towards its 200-day moving average of 1.2072 after yesterday’s dip. .

AUD/USD continues to bounce off its 100 day moving average at 0.6652, up 0.4% at 0.6690 now. Meanwhile, NZD/USD maintains a rebound from its 200-day moving average at 0.6251, up 0.7% at 0.6285 currently.

Core PCE prices in the US will be the last data point to watch later today, all before we start counting down to the long weekend.


cnbctv18-forexlive-benzinga

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