Euro falls, dollar mixed amid stable markets, according to the latest European foreign exchange news.
Forex market news during the European trade session on October 25, 2021
For the most part, it was a quiet and steady session as we eased into the new trading week.
Equities were steady and little altered, with significant tech results due to come in the coming days for Wall Street. Facebook shares fell slightly in pre-market trading following a study showing the company’s dwindling appeal among teenagers.
Meanwhile, the bond market is less enthusiastic for the time being as we approach crucial central bank meetings later this week (BOC, BOJ, ECB).
The dollar and yen were somewhat weaker earlier in the afternoon, but the greenback managed to reclaim some ground in a mixed session for the most part.
EUR/USD fell from 1.1660 to 1.1605 and is presently trading towards the lows as the euro becomes the day’s laggard.
GBP/USD has likewise pared an early gain from 1.3690 to 1.3750 and is now hovering around that level.
With little to work with, the USD/JPY maintained steady around 113.60-70 levels.
In other news, the USD/CAD has remained in a narrow range between 1.2350 and 1.2350-70, having recovered from an earlier slide to 1.2340. After a brief challenge of 0.7500 at the start of the day, the AUD/USD is currently maintaining gains for the most part around 0.7280-90 levels.
Looking at commodities, gold is also starting to come alive as investors push the price up to challenge $1,800, while oil is still looking up, with a 1% gain to $84.70 now.
Markets News :
- 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