Forexlive European FX news wrap: Yields & USD up, risk trades down

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Rising
yields once again sent equity indexes lower. After a small gain
during Asia time US equity indexes tumbled sharply lower during the
European morning. The USD rose, most notably against EUR, GBP, CHF
and JPY. AUD, NZD and CAD didn’t drop nearly as much.
</p><p>Data
flow was very light. We did get the September update for the German
Ifo indexes, still at very subdued levels.
</p><p>There
were plenty of central banker comments, Villeroy, de Cos, and Kazaks
from the European Central Bank while Bank of Japan Governor Ueda
and Deputy Governor Uchida hit the news wires also. Ueda and Uchida
made some remarks aimed at supporting the yen. They were joined by
Japanese Prime Minister Kishida attempting the same. USD/JPY shrugged
all of it off to trade higher.
</p><p>US equity index futures were slammed lower:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.