ForexLive European FX news wrap: Dollar advances further on yields ramp higher

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/the-nerves-are-kicking-in-again-in-the-equities-space-20231003/" target="_blank" rel="follow">The nerves are kicking in again in the equities space</a></li><li><a href="https://www.forexlive.com/news/usdjpy-within-touching-distance-of-150-as-higher-yields-continue-to-pave-the-way-20231003/" target="_blank" rel="follow">USD/JPY within touching distance of 150 as higher yields continue to pave the way</a></li><li><a href="https://www.forexlive.com/news/audusd-stays-under-pressure-as-rba-stays-on-the-sidelines-20231003/">AUD/USD stays under pressure as RBA stays on the sidelines</a></li><li><a href="https://www.forexlive.com/news/recent-pace-of-yen-fall-makes-intervention-less-likely-former-top-currency-diplomat-20231003/">Recent pace of yen fall makes intervention less likely – former top currency diplomat</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-lane-progress-to-2-inflation-wont-be-as-quick-as-to-4-20231003/">ECB's Lane: Progress to 2% inflation won't be as quick as to 4%</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-lane-the-key-is-to-maintain-rates-at-this-level-for-as-long-as-needed-20231003/">ECB's Lane: The key is to maintain rates at this level for as long as needed</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-simkus-inflation-is-on-its-way-down-20231003/">ECB's Simkus: Inflation is on its way down</a></li><li><a href="https://www.forexlive.com/news/switzerland-september-cpi-17-vs-18-yy-expected-20231003/">Switzerland September CPI +1.7% vs +1.8% y/y expected</a></li></ul><p>Markets:</p><ul><li>USD leads, AUD lags on the day</li><li>European equities lower; S&amp;P 500 futures down 0.3%</li><li>US 10-year yields up 4.6 bps to 4.730%</li><li>Gold down 0.2% to $1,824.38</li><li>WTI crude down 0.5% to $88.38</li><li>Bitcoin down 1.1% to $27,541</li></ul><p>There wasn't much in terms of headlines during the session as the focus stays on the bond market. Treasury yields are running higher once again and that is leading to a further bid in the US dollar, with USD/JPY sitting within a whisker of touching the 150 mark.</p><p>The greenback held firmer throughout with EUR/USD hovering near its lowest since December last year at 1.0460-70 levels. The antipodeans are the laggards, with AUD/USD down 1.0% to touch 0.6300 after the RBA left the cash rate unchanged in today's policy decision.</p><p>A turn lower in the risk mood, similar to yesterday, is not helping as equities hit the skids after a decent start to the session. S&amp;P 500 futures were up 0.2% at one point but are seen down over 0.3% on the day at the lows. European indices are also back in the red as the jitters are resurfacing amid further selling in the bond market as well.</p><p>It's back to the familiar theme for broader markets, continuing the trend that we have been seeing since mid-September.</p>

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