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Dollar steadies as EUR/USD holds near 1.1418 and USD/JPY inches up

Oil prices were higher, with WTI up 0.6% to $79.85, while US 10-year yields climbed back to 4.6% and 30-year yields pushed to 5.1%.

Reported · Written up by our desk · Major Pairs

Forexlive said European trade was relatively quiet as markets digested a softer US June CPI report and continued uncertainty around US-Iran developments. The dollar pared some of the losses from the prior day, but intraday moves remained light.

EUR/USD was largely flat around 1.1418, after trading near 1.1440 earlier, while USD/JPY inched up about 0.1% to 162.35 from roughly 162.00. The outlet noted investors were watching the bond market as long-end yields moved higher again.

It described US Treasury yields as a key swing factor, with 10-year yields rising back to 4.61% and 30-year yields pushing to 5.12%, while 2-year yields held nearer 4.21%.

Elsewhere, WTI crude rose 0.6% to $79.85, and gold fell 0.5% to $4,032, with silver down 1.0% to $58.03. US equity futures were modestly higher, with S&P 500 futures up 0.1% and Nasdaq futures up 0.4%.

Latest closeGold $4,292.50 ▼0.6%|Silver $63.77 ▼0.9%|WTI crude $95.27 ▲3.4%

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