ForexLive European FX news wrap: Dollar mixed in slower trading session

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/a-more-tentative-mood-so-far-in-trading-today-20240118/">A more tentative mood so far in trading today</a></li><li><a href="https://www.forexlive.com/news/us-futures-pull-higher-as-tech-leads-the-way-20240118/">US futures pull higher as tech leads the way</a></li><li><a href="https://www.forexlive.com/centralbank/ecb-accounts-affirm-importance-of-restating-data-dependent-approach-in-communication-20240118/">ECB accounts affirm importance of restating data-dependent approach in communication</a></li><li><a href="https://www.forexlive.com/news/eurozone-november-current-account-balance-246-billion-vs-338-billion-prior-20240118/">Eurozone November current account balance €24.6 billion vs €33.8 billion prior</a></li><li><a href="https://www.forexlive.com/news/chinese-stocks-see-a-late-bounce-to-wrap-up-the-day-20240118/">Chinese stocks see a late bounce to wrap up the day</a></li><li><a href="https://www.forexlive.com/centralbank/china-amends-rules-for-its-central-bank-monetary-policy-committee-20240118/">China amends rules for its central bank monetary policy committee</a></li><li><a href="https://www.forexlive.com/news/iea-revises-higher-2024-oil-demand-growth-forecast-20240118/">IEA revises higher 2024 oil demand growth forecast</a></li></ul><p>Markets:</p><ul><li>AUD leads, CHF lags on the day</li><li>European equities higher; S&amp;P 500 futures up 0.4%</li><li>US 10-year yields down 1.4 bps to 4.090%</li><li>Gold up 0.4% to $2,014.49</li><li>WTI crude up 0.1% to $72.63</li><li>Bitcoin down 0.6% to $42,366</li></ul><p>It was a slower session overall as markets are taking a bit of a breather after the heavy action from earlier this week.</p><p>A lack of follow through in the bond market selling is also perhaps a reason for traders to rest for a little bit, as major currencies are not really hinting at much on the day. The dollar is trading more mixed, with USD/JPY down 0.2% to 147.90 but off earlier lows of 147.65 on the day.</p><p>EUR/USD is little changed at 1.0875 but off its earlier high of 1.0906 while AUD/USD is keeping higher by 0.2% at 0.6565, though the changes are all relatively light so far today.</p><p>10-year Treasury yields are down a touch and still hugging the 200-day moving average of 4.084%, so that is keeping broader markets on edge as we await more data from the US. There is the weekly jobless claims and Philly Fed manufacturing index coming up later.</p><p>In the equities space, China stocks saw a late rebound after sinking to multi-year lows as the 'plunge protection team' stepped in. That helped to steady sentiment a little before a jump in tech stocks is now helping with the mood ahead of US trading.</p>

This article was written by Justin Low at www.forexlive.com.