ForexLive European FX news wrap: Dollar steady, franc gains on Swiss inflation beat

ForexLive European FX news wrap: Dollar steady, franc gains on Swiss inflation beat
ForexLive European FX news wrap: Dollar steady, franc gains on Swiss inflation beat

Headlines:

Markets:

  • CHF leads, JPY lags on the day
  • European equities mixed; S&P 500 futures up 0.6%
  • US 10-year yields up 1.3 bps to 4.603%
  • Gold down 0.8% to $2,298.84
  • WTI crude up 0.6% to $79.52
  • Bitcoin up 1.9% to $58,391

The session started with renewed focus in the yen again after Japan intervened once more right after the US market closed. USD/JPY was sticking around 155.70-80 before slowly tumbling down now to just under 155.00 on the day. The pair is still up from the intervention lows of 153.00 though. But it looks like Japan is starting to chip at dip buyers’ resolve on the week.

The dollar was steadier throughout amid some light pushing and pulling. But it was the franc that saw a decent move higher with USD/CHF falling from 0.9160 to a low of 0.9100 after Swiss inflation data came in with a beat. The pair is now trading around 0.9120, still down 0.4% on the day.

that, other dollar pairs Besides saw limited movement as we get settled into the pre-NFP lull.

In the equities space, US futures are looking to bounce back after the late selling yesterday. S&P 500 futures held gains throughout the session and are seen up 0.6% now.

In other markets, gold is being pressured lower as the post-Fed jump fades in a drop below $2,300 now. Meanwhile, oil is keeping just under $80 after the slide yesterday with offers at the figure level and the 200-day moving average at $80.09 keeping a lid on things.

-

-

PREV CALENDAR-The biggest deals in the oil and gas sector since the turn of the century – 05/02/2024 at 2:55 p.m.
NEXT In the south of Sarthe, a road accident leaves 5 injured, including 3 in serious condition