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European Forex news roundup: Dollar gains weaken, rates fall as further inflation data is released.

  • 15 November, 2021
  • 5:35 pm EET

European Forex news roundup: Dollar gains weaken, rates fall as further inflation data is released.

Forex market news from the European trade session on November 15, 2021

The post-CPI swings from last week are taking a bit of a pause as dollar gains moderate and bond yields fall modestly to begin the new week.

The greenback is little altered in general, but it is somewhat weaker against the aussie and kiwi as the antipodeans recover from a bad November showing thus far.

The AUD/USD pair steadily rose from 0.7350 to 0.7370, while the NZD/USD pair rose from 0.7060 to 0.7080, with the former approaching a challenge of its 100-day moving average at 0.7365 – a significant milestone to watch in the coming sessions.

Aside from that, the dollar remains practically flat against the euro and yen, although cable gained a smidgeon the session, rising from 1.3420 to 1.3430 levels.

Meanwhile, bond yields are retreating somewhat from last week’s highs as the market digests and awaits clues on the inflation issue.

Elsewhere, European markets are progressively moving higher, with the Stoxx 600 and CAC 40 indices reaching new all-time highs.

US futures are also pointing to modest increases following a sluggish start earlier in the day.

There’s still enough to toy with and think about this week, but the lack of important economic reports won’t help. As a result, expect trading sentiment to center around the ebb and flow (and technicals), with Fedspeak being the most important thing to pay attention to.

 

Markets News :

  • AUD leads, EUR lags on the day
  • European equities a little higher; S&P 500 futures up 0.2%
  • US 10-year yields down 2.4 bps to 1.559%
  • Gold down 0.2% to $1,860.70
  • WTI down 1.3% to $79.77
  • Bitcoin up 2.7% to $64,610

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