ForexLive European FX news wrap: Dollar steadies, stocks catch a light breather

<p>Headlines:</p><ul><li><a href="https://www.forexlive.com/news/equities-recover-a-bit-of-poise-on-the-session-20230710/">Equities recover a bit of poise on the session</a></li><li><a href="https://www.forexlive.com/news/us-cpi-the-main-event-this-week-20230710/">US CPI the main event this week</a></li><li><a href="https://www.forexlive.com/news/eurozone-july-sentix-investor-confidence-225-vs-180-expected-20230710/">Eurozone July Sentix investor confidence -22.5 vs -18.0 expected</a></li><li><a href="https://www.forexlive.com/news/snb-total-sight-deposits-we-7-july-chf-4866-bn-vs-chf-4919-bn-prior-20230710/">SNB total sight deposits w.e. 7 July CHF 486.6 bn vs CHF 491.9 bn prior</a></li><li><a href="https://www.forexlive.com/news/boj-raises-economic-assessment-for-3-of-japans-9-regions-in-latest-sakura-report-20230710/">BOJ raises economic assessment for 3 of Japan's 9 regions in latest Sakura report</a></li><li><a href="https://www.forexlive.com/news/china-says-agrees-to-keep-high-level-exchanges-with-us-after-yellen-visit-20230710/">China says agrees to keep high-level exchanges with US after Yellen visit</a></li><li><a href="https://www.forexlive.com/news/chinas-xi-pledges-to-continue-working-with-russia-to-develop-strategic-partnership-20230710/">China's Xi pledges to continue working with Russia to develop strategic partnership</a></li></ul><p>Markets:</p><ul><li>USD leads, AUD lags on the day</li><li>European equities slightly higher; S&amp;P 500 futures flat</li><li>US 10-year yields flat at 4.048%</li><li>Gold flat at $1,923.62</li><li>WTI crude down 0.7% to $73.36</li><li>Bitcoin down 0.2% to $30,194</li></ul><p>It's a quiet one to start the new week in Europe, as markets are gearing towards the main event – that being the US CPI data on Wednesday.</p><p>The risk mood was fairly sluggish early on but things are recovering now ahead of US trading. S&amp;P 500 futures were down as much as 0.5% but are now flat and European indices saw a bit of a rough open before turning the tables to be slightly higher at the moment. Still, it just looks to be a bit of a breather after the heavy selling last week.</p><p>Treasury yields were also initially slightly higher but have fallen back to flattish levels, though 2-year yields are down 2.3 bps to 4.908% currently.</p><p>In FX, the dollar is recovering some poise as well after the Friday drop following the US non-farm payrolls. USD/JPY in particular was rather perky earlier as it hit 143.00 but has pared majority of those gains to be up by just 0.1% at 142.25 now.</p><p>Elsewhere, GBP/USD is down 0.4% to 1.2780 while the antipodeans are the ones struggling the most with AUD/USD down 0.7% to 0.6645 after another rejection at its key daily moving averages near 0.6683-96 on the day.</p>

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