Headlines:
Markets:
- Japanese Yen Advances, USD, CAD Lag on the Day
- European stocks rise; S&P 500 futures down 0.2%
- The yield on the 10-year US Treasury note fell 5.9 basis points to 3.867%.
- Gold rises 0.6% to $2,469.79
- West Texas Intermediate crude fell 2.9% to $75.86.
- Bitcoin price rises 2.9% to $58,287
There were no major catalysts during the session, but the dollar started to give back a fair portion of its gains after yesterday’s US retail sales data.
The USD/JPY pair in particular fell more than 120 basis points to near the 148.00 level, as bond yields fell. The 10-year Treasury yield also fell about 6 basis points to 3.867%, keeping the yen in further demand during the session.
Over the past three days, traders could look to U.S. data for some relief on the economic calendar. But today, they’ll have to look to themselves to lift things up now. S&P 500 futures were up 0.2% early, but are now down 0.2% as we look to North American trading.
Back to the majors, EUR/USD is up 0.2% to just below 1.1000 as large options expiry keeps things there. GBP/USD is up 0.4% to 1.2905 while USD/CHF is down 0.6% to 0.8675 currently.
The Canadian dollar is struggling, perhaps due to weak oil prices today. WTI crude fell about 3% as it continued to reject the $80 a barrel level this week.
Elsewhere, gold is once again approaching the key resistance area at $2,475-80 per ounce, as buyers prepare to break it before the weekend.
Comments are closed, but trackbacks and pingbacks are open.