• NZD leads, CHF lags on the day
  • European equities higher; S&P 500 futures down 0.1%
  • US 10-year yields down 1 bps to 4.339%
  • Gold up 0.1% to $2,037.76
  • WTI crude down 0.1% to $75.91
  • Bitcoin up 1.9% to $38,467

It was a slower session overall as markets ease into December trading, while awaiting remarks from Fed chair Powell to end the week.

The dollar is trading mostly little changed after some slight weakness early on as bond yields continue to stay under intense scrutiny, following the strongest rally in Treasuries since August 2011 in trading last month.

USD/JPY is flat at 148.18, with EUR/USD also barely changed at 1.0885 after sticking closer to large option expiries near 1.0900 earlier in the day.

The commodity currencies are holding marginal gains with USD/CAD down 0.2% to 1.3540 and NZD/USD up 0.2% to 0.6165 but both the loonie and kiwi are well off earlier highs against the dollar.

That comes amid a more tepid mood in equities, with US futures reversing lower - mostly due to tech shares - after a lightly positive start. Meanwhile, European indices are still looking optimistic as they are buoyed by bolstered ECB rate cut odds this week.

It's now over to Powell to decide the fate of markets before we get to the weekend.