Headlines:

Markets:

• NZD leads, USD lags on the day
• European equities decrease; S&P 500 futures down 0.1%
• US 10-year yields down 1.6 bps to 4.468%
• Gold up 0.5% to $2,012.43
• WTI crude down 1.2% to $74.65
• Bitcoin down 2.4% to $36,938

The session began off slowly with a extra blended image in markets and likewise for the greenback. However as we progressively acquired nearer to US buying and selling, we’re seeing the dollar tail off to lag behind the remainder of the foremost currencies bloc.

USD/JPY continues to fluctuate in and across the 149.00 mark, sitting slightly below that for now, down 0.4% to 148.90. In the meantime, GBP/USD is inching barely increased to 1.2630 ranges – its highest since early September.

And we’re additionally seeing the antipodeans take benefit, with each AUD/USD and NZD/USD seeking to break key resistance ranges with the previous up 0.3% to 0.6605 whereas the latter is up 0.4% to 0.6095 presently.

This comes as Treasury yields are down barely but in addition as equities are wanting extra tepid. Shares have been on a roll, posting 4 straight weeks of beneficial properties however are actually seen taking a little bit of a breather to start out the brand new week.

Within the commodities house, oil continues to be pressured amid the entire OPEC+ fiasco whereas gold is in search of a stronger break above the $2,000 mark as soon as extra as seen right here.