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European Forex news roundup: The dollar is mixed in calm, stable markets.

  • 08 November, 2021
  • 5:32 pm EET

European Forex news roundup: The dollar is mixed in calm, stable markets.

Forex market news during the European trade session on November 8, 2021

For the most part, it was a quiet session as the market enters the new week with a sense of calm and anxiety.

Bond yields have recovered following the short squeeze at the end of last week, which is helping to keep yen pairs afloat, albeit USD/JPY is little moved at 113.40-50 levels.

The major currencies didn’t move much as the dollar remained volatile, with the EUR/USD trading mostly between 1.1560-70.

The kiwi is leading gains as NZD/USD rises from 0.7140 to 0.7160, with the currency gaining primarily from a further push lower in AUD/NZD towards 1.0300.

Meanwhile, equities were mostly stable despite a brief dip in tech markets due to Elon Musk’s weekend antics. Nasdaq futures have recovered losses of up to 0.4 % to trade flat, as general confidence improves ahead of North American trading.

Elsewhere, gold is basically stable, maintaining the Friday push above $1,800, while Bitcoin is looking up, momentarily touching $66,000 on the way up.

 

Markets News :

  • NZD leads, CHF lags on the day
  • European equities mixed; S&P 500 futures up 0.1%
  • US 10-year yields up 3 bps to 1.483%
  • Gold flat at $1,817.64
  • WTI up 1.0% to $82.06
  • Bitcoin up 8.0% to $65,860

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