News

ForexLive European FX news wrap: Euro slips, dollar mixed amid steady markets

Forex news from the European trading session – 25 October 2021

Headlines:

Markets:

  • AUD leads, EUR and CHF lag on the day
  • European equities mostly a little higher; S&P 500 futures up 0.1%
  • US 10-year yields flat at 1.654%
  • Gold up 0.5% to $1,800.30
  • WTI up 1.1% to $84.70
  • Bitcoin up 3.4% to $62,781

It was a quiet and steady session for the most part as we ease into the new trading week.

Equities kept steadier and little changed, with key tech earnings still to follow in the days ahead for Wall Street. Facebook shares did take a slight knock in pre-market after a report highlighting its waning popularity among teens.

Meanwhile, the bond market is also less enthused for now as we gear towards key central bank meetings later in the week (BOC, BOJ, ECB).

In FX, the dollar and yen were mildly softer earlier on but the greenback managed to recoup some ground in a mixed session for the most part.

EUR/USD slumped from 1.1660 to 1.1605 and is hovering at the lows now as the euro turns to be the laggard on the day currently.

GBP/USD also pared an early advance from 1.3690 to 1.3750 and is keeping thereabouts.

USD/JPY held steadier throughout around 113.60-70 levels with little to really work with.

Elsewhere, USD/CAD maintained a tight range around 1.2350-70 after recovering from an earlier dip to 1.2340. AUD/USD is still maintaining gains for the most part around 0.7280-90 levels after a brief test of 0.7500 at the start of the day.

Looking to commodities, gold is also starting to come to life as buyers drive price up to test $1,800 while oil is still looking perky in a 1% advance to $84.70 currently.

Articles You May Like

AUDUSD moves toward swing lows from September/October 2020
Gold rate today: Yellow metal rises by Rs 200; silver steady
Markit PMI composite index for November 57.2 versus 56.5 preliminary
USDJPY buyers make another run to pay dirt
Gold rate today: Yellow metal flat ahead of inflation data

Leave a Reply

Your email address will not be published. Required fields are marked *