ForexLive European FX news wrap: Dollar and yields kept in check, oil continues fall

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/yields-come-off-the-boil-us-jobs-report-comes-into-focus-20231005/">Yields come off the boil, US jobs report comes into focus</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-lane-credit-dynamic-really-has-been-quite-weak-20231005/">ECB's Lane: Credit dynamic really has been quite weak</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-kazimir-says-believes-that-last-rate-hike-was-the-final-one-20231005/">ECB's Kazimir says believes that last rate hike was the final one</a></li><li><a href="https://www.forexlive.com/centralbank/boes-broadbent-it-is-an-open-question-on-whether-there-will-be-more-rate-hikes-20231005/">BOE's Broadbent: It is an open question on whether there will be more rate hikes</a></li><li><a href="https://www.forexlive.com/news/us-september-challenger-layoffs-4746k-vs-7515k-prior-20231005/">US September Challenger layoffs 47.46k vs 75.15k prior</a></li><li><a href="https://www.forexlive.com/news/germany-august-trade-balance-166-billion-vs-150-billion-expected-20231005/">Germany August trade balance €16.6 billion vs €15.0 billion expected</a></li><li><a href="https://www.forexlive.com/news/germany-september-construction-pmi-393-vs-415-prior-20231005/">Germany September construction PMI 39.3 vs 41.5 prior</a></li><li><a href="https://www.forexlive.com/news/uk-september-construction-pmi-450-vs-499-expected-20231005/">UK September construction PMI 45.0 vs 49.9 expected</a></li></ul><p>Markets:</p><ul><li>NZD leads, CAD lags on the day</li><li>European equities higher; S&amp;P 500 futures flat</li><li>US 10-year yields down 1.6 bps to 4.718%</li><li>Gold up 0.1% to $1,822.24</li><li>WTI crude down 1.6% to $82.88</li><li>Bitcoin up 0.3% to $27,744</li></ul><p>It was a slower session in terms of headlines and market moves were also not too substantial, as traders and investors are starting to keep the focus on the US jobs report tomorrow.</p><p>The surge higher in Treasury yields is continuing to stay on ice and that is helping with broader market sentiment slightly. The dollar held a little softer across the board while equities are doing a bit of a back and forth dance as overall risk sentiment stays on edge. S&amp;P 500 futures were down as much as 0.4% but are now flattish ahead of US trading.</p><p>EUR/USD is up 0.2% to 1.0520 but held in a narrow range while USD/JPY is down 0.2% to 148.84 although price action has been rather lackluster during the session, keeping around 148.80 to 149.00 mostly.</p><p>The standout mover in European trading is oil as it is shot down by another 1.5% with WTI crude slipping just below the $83 mark on the day. The pressure in oil continues after the sharp fall yesterday with dip buyers still not looking to eager to catch the falling knife just yet.</p>

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