Headlines:
Markets:
- NZD leads, EUR lags on the day
- European equities mixed; S&P 500 futures flat
- Gold up 0.3% to $1,927.98
- WTI crude up 1.6% to $70.91
- Bitcoin down 0.3% to $31,040
The 4th of July holiday in the US is putting a dampener on the market mood today. Major currencies didn’t do much in general, though we did see the aussie bounce around after the RBA decided to press the pause button and leave the cash rate unchanged.
AUD/USD fell initially from 0.6680 to 0.6645 before recovering to around 0.6690 now, up 0.3% on the day. Besides slight gains in the antipodeans, there wasn’t much else to take note of with dollar pairs keeping little changed mostly.
EUR/USD is hugging the 1.0900 handle, down 0.1% on the day. Meanwhile, USD/JPY is down just 0.2% to around 144.30-40 levels for the most part during the session.
There was a distinct lack of appetite and that is to do with US being out as a continuation from the weekend (there was an early market closure yesterday too).
Hopefully things will start to pick up tomorrow but do keep in mind that we have US non-farm payrolls on Friday and that could set markets into another lull before that.