A mixed start to the session so far

  • The dollar is slightly lower but risk is also leaning towards the softer side

The ranges for major currencies were largely subdued earlier on and we are seeing an extension now, though the dollar is slightly lower across the board. EUR/USD is up 0.2% to 1.0750 with GBP/USD up 0.4% to near 1.2100 currently. That comes despite a little shakiness in the risk mood despite the opening gains in Europe. S&P 500 futures are now down 0.4% on the day:

SPX

As a reminder, a chunk of the gains in European stocks today are to do with a catch up to the Wall Street rally yesterday - which as a reminder, also came about after some volatile swings.

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