Headlines:
Markets:
- NZD leads, USD lags on the day
- European equities higher; S&P 500 futures up 0.1%
- US 10-year yields down 2 bps to 3.819%
- Gold up 0.1% to $1,946.01
- WTI crude up 1.1% to $70.17
- Bitcoin up 0.5% to $25,968
It was a relatively quiet session as markets mostly treaded sideways in the countdown to the Fed policy decision later today.
Major currencies were rather subdued in the handover from Asia and during the session, before the dollar just dribbled slightly lower after. That said, there are still some key levels in tact for the greenback with EUR/USD in particular still holding around 1.0800. The pair is facing resistance from its 100-day moving average at 1.0803 with a large set of option expiries in play as well.
USD/JPY did drop slightly below 140.00 as Treasury yields are slightly lower, while USD/CAD is maintaining that push below the key trendline support of 1.3336 from yesterday.
Meanwhile, AUD/USD is up 0.3% to 0.6790 but key resistance from the April and May highs around 0.6793-00 is still limiting gains for now.
In the equities space, the mood is rather tentative as traders are waiting on the Fed and the Wall Street open before taking up any convictions.