It’s been a bit of a mixed week so far with some pushing and pulling in markets. Treasury yields dipped lower yesterday and that saw the dollar ease slightly, following the advance on Monday. If anything, the lack of clear direction isn’t going to help with things coming into trading today.
Major currencies are little changed, not finding much appetite at the moment. USD/JPY is hovering just below the 148.00 mark while GBP/USD is inching back towards 1.2600 currently. The latter is trying to challenge the break lower this week and settle back into the 1.2600 to 1.2800 range.
In the equities space, US futures are flattish as well currently. So, that’s not really offering much to work with alongside a more tepid mood in the bond market. 10-year yields in the US are near unchanged at 4.092% on the day.
Looking to European trading, we will get German industrial production and French trade…
