Markets steady as data cadence slows and underlying trends stay in place
Good morning. Foreign exchange markets are enjoying a quiet, range-bound session, with most currencies little changed against the dollar amid a lack of first-tier economic data and a paucity of geopolitical catalysts. Treasury yields are inching lower, equity futures are pointing to a modest drop in the Nasdaq at the open, and all of the major currency pairs are less than 0.1% off yesterday’s close. Oil markets are refusing to rally. Brent and West Texas Intermediate prices are holding near five-month lows even after a fully-laden Qatar-owned LNG carrier was struck by a projectile near the Omani coast while exiting...