Foreign exchange information from the European morning session - 10 October 2019Headlines:Markets:AUD leads, USD lags on the
Foreign exchange information from the European morning session – 10 October 2019
Headlines:
Markets:
- AUD leads, USD lags on the day
- European equities blended; E-minis down 0.1%
- US 10-year yields up 0.5 bps to 1.588%
- Gold up 0.1% to $1,507.57
- WTI up 0.3% to $52.75
- Bitcoin down 0.5% to $8,544
It has been a session bereft of main headlines following a extra frantic begin in Asia Pacific buying and selling. Markets are nonetheless settling down as the important thing focus stays on US-China commerce talks with danger sentiment displaying extra cautiously optimistic tones.
In consequence, the likes of the greenback, yen and gold have been comparatively weak within the European morning with the previous notably slipping throughout the board.
It comes amid early strain after the Chinese language yuan strengthened towards the dollar on a report of a doable foreign money pact to be concerned within the partial commerce deal.
The greenback misplaced additional floor within the session as EUR/USD hit two-week highs, shifting from 1.0990 to 1.1030. In the meantime, GBP/USD additionally climbed to check key near-term resistance from 1.2220 to 1.2250-60 ranges at present.
The aussie and kiwi held agency amid some hope of a compromise between US and China on commerce with AUD/USD rising from 0.6740 to 0.6760 ranges whereas NZD/USD climbed from 0.6310 to 0.6320-30 ranges in the intervening time.
Wanting forward, markets are nonetheless ready with bated breath on the result of commerce talks as…