Major currencies are seeing little change with the dollar mostly steady, as all eyes turn towards the US retail sales data later today.

Equities and bond yields are also observing light changes, so there isn’t much to work with as we get into European morning trade. After the wild swings yesterday, markets are more guarded and will await further clues in determining what the Fed will do later in the month. The debate now is between a 75 bps and a 100 bps rate hike.