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Headlines:
Markets:
- EUR leads, JPY lags on the day
- European equities slightly lower
- 10-year German bund yields up 3 bps to 2.33%
- Gold down 0.2% to $2,498.63
- WTI crude up 0.3% to $73.75
- Bitcoin up 2.3% to $58,630
It’s a quiet start to the new week with the dollar keeping more mixed in general, as the yen lags on the day. It is a holiday for North American markets, so that isn’t giving traders much to work with amid the longer weekend.
The yen is down as bond yields are a little higher, with USD/JPY moving up from around 146.10 earlier to near 146.90 currently.
The greenback isn’t seeing broad based gains though. EUR/USD is up 0.1% to 1.1063 while USD/CHF is up 0.1% to 0.8510, and AUD/USD up 0.1% to 0.6773. It’s a mixed picture with the kiwi lagging slightly as well across the board, with NZD/USD down 0.4% to 0.6225.
European indices are also showing light changes while gold is down slightly under $2,500 as the tug of war there continues.
In terms of market flows, it’s not one to attribute anything towards to start the week.
All eyes are on key labour market data from the US later in the week. So, the early stages here are more just traders settling back into things after month-end last week.
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