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Euro-FX news roundup: The dollar is barely moved in light trade.

  • 26 August, 2021
  • 5:58 pm EEST

Market news

Euro-FX news roundup: The dollar is barely moved in light trade.

Forex market news from the European trade session on August 26, 2021

FX was relatively quiet on the session as the dollar remained stable amid some mild pushing and pulling, resulting in little movement ahead of North American trading.

The EUR/USD pair is trading in a narrow range between 1.1760 and 1.1770, while the GBP/USD pair experienced minimal movement during the day, hovering around 1.3740-50.

Commodity currencies have likewise changed little (just slightly softer), indicating that there has been no significant shift in price action over the last few days.

The general risk sentiment was more lukewarm as European indexes pared yesterday’s gains, while US futures are also indicating some anxiety at record levels ahead of Jackson Hole tomorrow.

10-year Treasury rates are continuing to rise from yesterday’s highs, assisting the USD/JPY to rise to 110.20 before settling back towards 110.00.

As the week comes to a close, the emphasis shifts to Jackson Hole tomorrow, where there may not be much more than pushing and tugging before the major event.

 

Markets News :

  • EUR leads, CHF lags on the day
  • European equities lower; S&P 500 futures flat
  • US 10-year yields up 0.8 bps to 1.353%
  • Gold down 0.1% to $1,789.32
  • WTI down 0.8% to $67.83
  • Bitcoin down 3.7% to $46,910

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