ForexLive European FX news wrap: Dollar slightly lower to start the new week

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/dollar-loses-a-bit-of-ground-to-start-the-session-20230904/">Dollar loses a bit of ground in European morning trade</a></li><li><a href="https://www.forexlive.com/news/us-holiday-wont-do-markets-much-good-today-20230904/">US holiday won't do markets much good today</a></li><li><a href="https://www.forexlive.com/news/central-bank-policy-decisions-in-focus-this-week-20230904/">Central bank policy decisions in focus this week</a></li><li><a href="https://www.forexlive.com/news/icymi-china-president-xi-is-expected-to-skip-upcoming-g20-summit-20230904/">ICYMI: China president Xi is expected to skip upcoming G20 summit</a></li><li><a href="https://www.forexlive.com/news/eurozone-september-sentix-investor-confidence-215-vs-200-expected-20230904/">Eurozone September Sentix investor confidence -21.5 vs -20.0 expected</a></li><li><a href="https://www.forexlive.com/news/germany-july-trade-balance-159-billion-vs-180-billion-expected-20230904/">Germany July trade balance €15.9 billion vs €18.0 billion expected</a></li><li><a href="https://www.forexlive.com/news/switzerland-q2-gdp-00-vs-01-qq-expected-20230904/">Switzerland Q2 GDP 0.0% vs +0.1% q/q expected</a></li></ul><p>Markets:</p><ul><li>GBP leads, JPY lags on the day</li><li>European equities higher; S&amp;P 500 futures up 0.1%</li><li>Gold flat at $1,939.05</li><li>WTI crude flat at $85.58</li><li>Bitcoin up 0.5% to $25,875</li></ul><p>It was a quiet one in Europe today as markets are also taking a bit of a light breather with it being a US and Canadian holiday.</p><p>The main story on Friday was a sudden rebound in Treasury yields and with the key market closed today, we'll have to wait until tomorrow for further clues.</p><p>As such, major currencies could only rely on equities and the general risk mood for direction. A slight nudge higher in stocks in Europe is helping to see the dollar pinned a little lower but nothing too significant.</p><p>EUR/USD moved up from 1.0780 to 1.0800 while GBP/USD nudged up from 1.2610 to 1.2640 but both pairs are still holding below key technical levels that broke on Friday. The former is still below its 200-day moving average at 1.0817 while the latter is still below its 100-day moving average at 1.2650 currently.</p><p>There wasn't much appetite elsewhere with USD/JPY keeping flattish after the turnaround on Friday, still above 146.00 today. With the Treasuries market out, there's really not much to work with today.</p>

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