Bitcoin continues to print new all-time highs amid a short squeezeEU's Kallas: No outcome yet in US talks on tariffs, we don't want to retaliateUS secretary of state Rubio: The odds are 'high' for a Trump-Xi meetingECB's Schnabel: The threshold for another rate cut is very highMore from ECB's Schnabel: Another cut would require significant inflation deviationECB's Panetta: Monetary policy approach in coming months must remain flexible, pragmaticGermany June wholesale price index +0.2% vs -0.3% m/m priorFrance June final CPI +1.0% vs +0.9% y/y prelimUK May monthly GDP -0.1% vs +0.1% m/m expected
Markets:
CHF leads, JPY lags on the dayEuropean equities lower; S&P 500 futures down 0.5%US 10-year yields up 4.3 bps to 4.389%Gold up 0.7% to $3,347.42WTI crude up 1.0% to $67.24Bitcoin up 3.7% to $117,799The dollar held firmer throughout, though gains have been trimmed as we look towards US trading.
The pound is among the laggards after a softer May monthly GDP report in the UK. GBP/USD is down 0.4% to 1.3515 currently. Elsewhere, USD/CAD is up 0.2% to 1.3685 but off earlier highs of 1.3730 after the Trump headline.
As for US futures, the mood music is dulled as the drop at the open looks set to unravel the bounce in the past two days. It's going to be a nervy end to the week if Trump continues with his trade tirade.
There won't be too much on the agenda to end the week, with the Canadian jobs report the main thing left. As such, all eyes will stay on trade headlines before the weekend comes. Have a good weekend, everyone!
This article was written by Justin Low at www.forexlive.com.Hence then, the article about forexlive european fx news wrap dollar steady equities down awaiting trade developments was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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