The dollar gave up earlier gains against the euro, the pound sterling and mainly commodity currencies. Beaches for the day are ok at best, but not really major for the most part. EUR/USD is now back at 1.0807, having approached key technical levels outlined here. As a reminder, significant options expirations are also in play for the pair at 1.0800.
The dollar remains down against the yen and the franc, with both currencies still up slightly due to a more gloomy risk climate. USD/JPY is down 0.4% near 157.00, but off previous lows of 156.55 at least.
Mixed flows are in play to start European morning exchanges. Regional indices appeared in the red at the open, but have now pared most of those declines to little change on the day. S&P 500 futures, however, are still down 0.5%.
In the bond market, 10-year yields in the United States also remain down 3 basis points at 4.595% for the moment.
It looks like we have a taste of these end-of-month misdeeds to start the session.
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