• NZD leads, GBP lags on the day
  • European equities mixed; S&P 500 futures up 0.4%
  • US 10-year yields down 2 bps to 2.76%
  • Gold up 0.1% to $1,794.63
  • WTI crude up 0.7% to $92.55
  • Bitcoin up 3.0% to $24,623

It was another quiet session in terms of headlines but there were some decent moves in markets as the dollar slipped further after yesterday's fall. The greenback is contesting or looking to contest some key technical levels on the charts (euro, yen, pound, loonie, aussie) and that will be ones to watch in the sessions ahead.

The dollar is generally lower across the board with EUR/USD moving up from 1.0300 to 1.0340 and USD/JPY down from 132.70 to 132.30 during the session. Meanwhile, AUD/USD moved up from 0.7080 to 0.7115 while NZD/USD tracked higher from 0.6400 to 0.6445 as equities also held steadier for the most part.

European indices are trading more mixed after a positive start while US futures are holding slight gains, building on the positive momentum from yesterday.

The bond market remains more tepid though and that might be something for market players to be wary about as Fed funds futures also dialed back some of the pricing for a 75 bps rate hike after the drop yesterday. Odds are now seen at ~43% after a drop to ~30% following the US CPI data.