Headlines:
Markets:
- EUR leads, NZD lags on the day
- greater European equality; S&P 500 futures up 0.3%
- US 10-year yield up 3.5 bps to 4.420%
- Gold flat at $2,644.48
- WTI rose 0.9% to $70.68
- Bitcoin decreased by 1.5% to $104,842
It was a fairly simple session as market players are all waiting for the Fed's give and take decision this week.
The dollar held more stable in general, seeing limited movement against the main block of currencies. The antipodes were already weaker from Asia and held at the low levels with AUD/USD down to the lowest levels since October last year and NZD/USD is down to the lowest level since October 2022. traders are content to wait on the Fed before taking action.
AUD/USD was mostly stuck around 0.6310-20 levels with NZD/USD holding in the range around 0.5725-40 during the session. In addition, EUR/USD continues to kiss the 1.0500 mark with large option endings visible at the level of the figure today. And USD/JPY is slightly higher to 153.70 with yields rising slightly ahead of the Fed's decision later.
In the equity space, we are seeing more stable sentiment but it is still early in the day. US futures are up but then again, they have been showing signs of optimism early in the week only to be dashed when Wall Street into the torture. Today, the Fed is there to deal with as well.
The outcome of the FOMC meeting is arguably the last major risk event for broader markets, so don't discount the potential implications as the year winds down later .
