US equity futures extend losses to 0.4% now
In response, European equities are also marked lower and we're seeing a return of haven flows in the trading today. Of note, US 10-year yields have been marked to one-month lows of 2.433% now as it falls by 2.3 bps on the day.
That is helping to keep the Japanese yen bid with USD/JPY hovering around the 110.00 handle again. Meanwhile, the decline in risk assets is also helping to promote flows into the swissie with USD/CHF falling to session lows of 1.0169. The major currencies snapshot this morning tells much of the story:
The aussie has also fallen to 0.7000 against the dollar now and the pound is also extending its declines on the day as cable looks to be headed towards the 1.3000 handle.
The standout performer is actually the euro as the single currency is still seen resilient despite the tilt to a more risk-off mood. EUR/USD continues to hold around 1.1190-00 levels as buyers continue to maintain near-term control for the time being.
