The countdown to the FOMC meeting continues
The dollar kept steadier and mixed in trading yesterday as it moved up against the yen amid a nudge higher in yields – which didn’t amount to much in the end.
10-year Treasury yields briefly climbed back above 1.50% but is still keeping below that for now, hovering around 1.484% currently as yields keep slightly lower.
USD/JPY did see a push back above 110.00 while other dollar pairs showed little poise to really break out of their recent range in the past few weeks.
Elsewhere, equities continue to look perky with the S&P 500 and Nasdaq seeing record closes, though the Dow slumped a little. US futures are up slightly today as market participants keep calm and stick with the script ahead of the Fed tomorrow.
With little key release to follow in Europe later, the grind continues.
0600 GMT – Germany May final CPI figures
0600 GMT – UK May jobless claims change, claimant count rate
0600 GMT – UK April ILO unemployment rate, employment change
0600 GMT – UK April average weekly earnings data
0645 GMT – France May final CPI figures
0900 GMT – Eurozone April trade balance data
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.