ForexLive European morning Forex news wrap: Greenback holds firm in advance of Powell – ForexLive
Fx news from the European morning session – 23 August 2019
- NZD leads, CHF lags on the day
- European equities bigger E-minis up .4%
- US 10-calendar year yields up 2.4 bps to one.637%
- Gold down .2% to $one,495.35
- WTI flat at $55.33
- Bitcoin down .7% to $10,114
Markets ended up mainly quiet as all the highlight turns to the Fed in advance of the Jackson Hole symposium later on right now. Fed chair Powell’s speech remains the critical threat party right now and marketplaces confirmed very little poise to go around through the European morning.
The greenback stayed firmer through the session, inching to refreshing 3-7 days highs against the euro with EUR/USD slipping from one.1070 to a lower of one.1052.
USD/JPY stayed firm amid bigger Treasury yields, touching a high of 106.67 and is nevertheless sitting in close proximity to that amount presently.
In the meantime, the pound was a notable mover as cable fell from one.2240 to just under one.2200 before getting some assist to bounce back to around one.2210-twenty ranges now.
The kiwi is the other forex which is holding additional firm on the day and that owes to considerably less dovish remarks by RBNZ governor Orr previously in Asia Pacific trading.
All eyes are on the Fed now and let us see if Powell will deliver any surprises or disappoint marketplaces in advance of the weekend.
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