Bitcoin keeps at record highs to start the weekDollar holds steadier as the focus turns to key US data this weekEU trade commissioner Sefcovic says will speak with US counterparts later todayItaly foreign minister says EU has ready a list of retaliatory tariffs worth €21 billionBank of Japan reported likely to consider increasing its inflation forecastPBOC deputy governor says will continue to implement appropriately loose monetary policyChina June M2 money supply +8.3% vs +8.1% y/y expectedSwitzerland June producer and import prices -0.1% vs -0.5% m/m priorSNB total sight deposits w.e. 11 July CHF 464.1 bn vs CHF 459.8 bn prior
Markets:
CAD leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields up 0.6 bps to 4.429%Gold up 0.4% to $3,370.11WTI crude up 1.3% to $69.36Bitcoin up 2.1% to $121,576That left major currencies in a bind, with dollar pairs mostly little changed now ahead of US trading. EUR/USD is flat at 1.1690 with USD/JPY also in a similar spot at 147.35 currently. GBP/USD is down 0.1% to 1.3483 while USD/CAD is down 0.1% to 1.3670. The antipodes are the laggards amid the softer risk mood, with AUD/USD down 0.2% to 0.6568 and NZD/USD down 0.3% to 0.5991.
As for equities, we are seeing some decent moves. Amid tariff concerns, European stocks are seeing red with the DAX down by nearly 1%. Things didn't get any worse since the open at least and some regional shares are paring some losses at least during the session. US futures also nudged a little higher, cutting losses from 0.6% to 0.3% ahead of the open later.
As Bitcoin surges, gold is also catching a modest bid as the precious metal climbs to $3,370 while silver has also surged higher to hit $39 for the first time since 2011. Power to the masses.
This article was written by Justin Low at www.forexlive.com.Hence then, the article about forexlive european fx news wrap dollar steadies bitcoin and silver rallies 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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