ForexLive European FX news wrap: Dollar steadies, currencies little changed

Author: Justin Low | Category: News

Forex news from the European trading session - 27 April 2021



  • GBP leads, AUD lags on the day
  • European equities lower; S&P 500 futures up 0.1%
  • US 10-year yields up 1.6 bps to 1.583%
  • Gold flat at $1,780.65
  • WTI up 0.6% to $62.30
  • Bitcoin up 3.7% to $55,195

It was a quiet session bereft of any key headlines as the market continues to wait on more key event risks still to follow later in the week.

The dollar held slightly higher initially but has since seen gains pared as we look towards North American trading currently.

EUR/USD held lower around 1.2060-70 levels before inching up to 1.2090 now while GBP/USD eased from 1.3890 to 1.3860 before climbing back to sit just above 1.3900.

USD/JPY held steady around 108.20-40 for the most part as buyers are still trying to hold yesterday's bounce. Elsewhere, USD/CAD was also steady around 1.2400 while AUD/USD fell from 0.7790 to 0.7766 before holding at around 0.7780 levels now.

European equities are a little more subdued while US futures are consolidating a little and keeping little changed after gains in the S&P 500 and Nasdaq yesterday.

All eyes will stay on the Fed meeting tomorrow (will Powell start to blink?) with key earnings releases also in focus, so watch out for that.

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