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breaking news ForexLive European FX news wrap: Dollar steady as risk stutters


Securities:

Markets:

  • AUD leads, NZD lagging for the day
  • European equities down; S&P 500 futures down 0.7%
  • US 10-year rates down 2.7 basis points to 3.439%
  • Gold down 0.7% to $1,923.81
  • WTI crude up 0.1% to $80.21
  • Bitcoin down 1.2% to $22,621

The session was a little quiet, but there were some decent market moves as risk sentiment shifted from cautious to defensive.

Microsoft warned of a slowing sales outlook and it weighed on tech stocks, with Nasdaq futures holding down 0.6% at the end of trade in Asia, before things got worse. worsen in European morning exchanges. The mood in equities may also not be helped by stronger CPI data from Australia and New Zealand.

S&P 500 futures are now down 0.7% and Nasdaq futures are down 1.1% as we also see European indices falling during the session.

In the foreign exchange market, the dollar benefited, the euro and the pound having retreated slightly against the greenback and the USD/JPY falling from 130.20 to 129.70 at the moment.

The Aussie remains the main gainer, having pushed to 0.7120 against the dollar after the CPI data earlier in the day before falling back to the current 0.7080 – still up 0.5%.

Although we also saw strong New Zealand CPI data, the Kiwi is lagging today, with NZD/USD still facing a rejection from 0.6500 it seems. The pair is currently down 0.5% at 0.6470, close to the lows of the day as the risk mood does not help.

All eyes are on the Bank of Canada’s next move, and it could really matter – not just for the loonie, but for broader markets as well.


cnbctv18-forexlive-benzinga

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