investingLive European markets wrap: Dollar continues to claw back Jackson Hole decline ...Middle East

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Dollar erases most of its drop from Jackson Hole in trading this weekEU reportedly move to propose removing tariffs on US goods to meet Trump's demandsUS administration's doubling of tariffs against India takes effectSNB vice chairman Martin: We do not engage in manipulation of the Swiss francGermany September GfK consumer sentiment -23.6 vs -22.0 expectedUK August CBI retailing reported sales -32 vs -34 priorSwitzerland August UBS investor sentiment -53.8 vs 2.4 priorUS MBA mortgage applications w.e. 22 August -0.5% vs -1.4% priorMild dollar selling expected into month-end fix - Credit Agricole

Markets:

USD leads, NZD lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields up 1.3 bps to 4.269%Gold down 0.5% to $3,375.19WTI crude down 0.1% to $63.21Bitcoin down 0.1% to $111,262

The greenback is rebounding back, erasing much of the declines from last Friday. EUR/USD is one that has completed the round trip with the pair down 0.5% to 1.1585 and testing three-week lows. USD/JPY is up 0.5% in a push to just above 148.00, gradually nudging higher during the session. Meanwhile, GBP/USD is down 0.4% to 1.3428 and AUD/USD down 0.4% to 0.6465 on the day.

In other markets, equities are looking more tentative at best on the day so far. European indices are catching a bit of a breather with French stocks posting a minor bounce following two days of sharp declines. Meanwhile, US futures are rather muted after the slight advance by Wall Street yesterday.

Month-end is fast approaching, so that will be something to be cautious about as it could muddy flows and price action we're seeing before the focus switches to the US jobs report next week.

This article was written by Justin Low at investinglive.com.

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