ForexLive European FX news wrap: Markets begin CPI countdown, kiwi holds lower post-RBNZ

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Headlines:

Markets:

• GBP
  leads,
  NZD
  lags
  on
  the
  day
• European
  equities
  higher;
  S&P
  500
  futures
  up
  0.2%
• US
  10-year
  yields
  down
  3
  bps
  to
  4.27%
• Gold
  up
  0.6%
  to
  $2,378.12
• WTI
  crude
  down
  0.2%
  to
  $81.22
• Bitcoin
  up
  1.0%
  to
  $58,510

It
was
a
relatively
quiet
session
and
unsurprisingly
so.
Markets
are
now
caught
in
a
lull,
awaiting
the
US
inflation
report
tomorrow.
As
such,
traders
lacked
any
real
conviction
during
the
session.

The
main
mover
on
the
day
remains
the
New
Zealand
dollar,
which
fell
in
Asia
Pacific
trading
after
a
more
dovish
stance
adopted
by
the
Reserve
Bank
of
New
Zealand.
NZD/USD
remains
down
0.8%
to
0.6070
levels,
where
it
was
holding
mostly
since
the
drop.

Besides
that,
major
currencies
didn’t
offer
too
much
else
with
narrow
ranges
prevailing
for
the
most
part.
EUR/USD
is
up
marginally
by
0.1%
but
is
stuck
within
a
15
pips
range.
So,
that
speaks
much
to
the
overall
mood
today.

In
the
equities
space,
European
stocks
are
bouncing
back
a
little
after
the
selloff
yesterday.
The
better
mood
in
Wall
Street
is
helping
but
overall,
French
political
jitters
are
still
a
cause
for
concern.

Now,
the
wait
continues
ahead
of
the
main
event
tomorrow
then.