The eurozone markets saw modest activity as the dollar regained ground gained at last week’s Jackson Hole meeting.
Key moves
- USD leads the session, NZD lags behind.
- EUR/USD fell 0.5% to 1.1585, testing three‑week lows.
- USD/JPY rose 0.5% to just above 148.00.
- GBP/USD slipped 0.4% to 1.3428.
- AUD/USD dropped 0.4% to 0.6465.
- US 10‑year Treasury yields increased 1.3 bps to 4.269%.
- Gold fell 0.5% to $3,375.19.
- WTI crude slipped 0.1% to $63.21.
- Bitcoin declined 0.1% to $111,262.
Summary
The dollar’s quick rebound has softened the impact of the Fed’s dovish stance, while European equities remain cautious. Commodities followed the currency trend, with gold and Bitcoin easing on a firmer dollar backdrop. As month‑end approaches, traders should remain wary of potential liquidity tightening ahead of next week’s U.S. jobs data.
(Source)
