Dollar stays poised to start the session

<p>It's a calmer start to proceedings but the dollar might find itself in the driver's seat soon enough once again. Equities are softening to start European trading, with S&amp;P 500 futures now down 17 points, or 0.4%, on the day. The bond market is still relatively calm but with the <a href="https://www.forexlive.com/news/chinese-yuan-on-the-brink-as-it-falls-to-the-lowest-levels-this-year-20230907/" target="_blank" rel="follow">Chinese yuan also on the brink</a>, the signals are working in favour of the dollar at the moment.</p><p>GBP/USD has now dropped by 0.3% to a fresh three-month low at 1.2467, eyeing the 200-day moving average (blue line) at 1.2423 next:</p><p>Elsewhere, EUR/USD is slightly softer by 0.15% at 1.0711 while USD/JPY is little changed and down slightly by 0.12% at 147.48. The latter is still largely driven by bond market developments and so far, 10-year yields in the US are flat at 4.289% on the day.</p>

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