Dollar nudges lower on the day amid mixed market mood
The dollar is trading on the softer side in European morning trade, nudging lower despite an absence of any major catalysts. The dollar drop comes amid a mixed mood in broader markets, so that's not giving a consistent look in the final stretch of the week.
USD/JPY is down 0.2% to 159.13 currently but still keeping thereabouts and poised to end the week above the 159.00 level and around 0.8% higher. Meanwhile, EUR/USD is trading up 0.2% to 1.1553 and is now flat on the week. The currency pair continues to hold near the 100-day moving average (red line) but keeps below that with buyers not finding the right trigger for a technical break.
[EUR/USD daily chart]
Besides that, GBP/USD is up 0.3% to 1.3520 and AUD/USD up 0.2% to 0.7070 on the day as high beta currencies look to at least close the week just a touch higher against the dollar. It's not much but it points to some mixed moves among major currencies on the week. That as the US CPI report on Wednesday failed to really give any firm convictions to traders.
And it's not just in the major currencies space. Today, we're seeing oil prices move back up with WTI crude up 1.2% to $82.25 and 10-year yields in the US up 2 bps to 4.66%. Despite the latter, the dollar is the one moving down today so it is definitely pointing to some mixed signals in ending the week.
As for the equities space, we are seeing European indices hold more mixed today while US futures are looking rather tepid. That follows from the more positive showing in Wall Street yesterday, after the S&P 500 posted a record close. S&P 500 futures are only up 0.1% today with Nasdaq futures up 0.2%, though it is still early in the day.
This article was written by Justin Low at investinglive.com.提供 MainLink：Investinglive RSS Breaking News Feed
FX初心者には必須 無料のうちにGET！
