European Forex news roundup: The dollar languishes, while equities rise once more.
Forex market news from the European trade session on October 19, 2021
In terms of big stories, it was a quiet afternoon, but market movement was solid as the dollar fell and equities continued to rise to start the week.
European indices began the afternoon with moderate gains and have maintained them, while US futures have pushed higher on the session, indicating a more optimistic cash market open later.
Following a brief respite yesterday, the dollar succumbed to further pressure, with EUR/USD rising from 1.1640 to 1.1669 and GBP/USD rising from 1.3780 to 1.3833, surpassing its 100-day moving average.
The USD/CAD also fell to new lows since early July of 1.2312 before settling around 1.2330-40 presently, with the antipodeans leading gains on the stronger risk attitude.
The AUD/USD has risen to 0.7476, targeting its September highs of 0.7469-78, while the NZD/USD has risen by 1% to 0.7150, challenging its own September highs of 0.7157-70.
The yen was also a laggard on the day, as the bond market remained unchanged, with yen pairings continuing their separate technical pushes from last week.
USD/JPY has been stable around 114.00-20, but GBP/JPY is approaching 158.00, and AUD/JPY is also trading above 85.00 on the day.
Markets News :
- NZD leads, USD lags on the day
- European equities higher; S&P 500 futures up 0.5%
- US 10-year yields up 0.9 bps to 1.593%
- Gold up 0.9% to $1,779.97
- WTI up 1.1% to $83.35
- Bitcoin up 1.2% to $62,135