USD bid on rising US yields

Still fairly subdued session for FX so far this morning.

• USD has extended small gains and is in the green versus all majors, but ranges have been limited, with most of the early action happening in Govies, as yield rises.
• This has helped keep the USD underpinned, and the Greenback leads versus the Kiwi, up 0.36%.
• Ranges are tight, EURUSD 18 pips (1.1757/1.1775), while other crosses trade in circa 30 pips range.
• The pound is mixed in G10, down 0.21% against the USD, and up 0.15% versus the Kiwi.
• There's a notable large Option expiry in EURGBP, with 1.16bn at 0.8600, although the pair is still a little far, now at 0.8562 at the time of typing.
• The EUR is faring better on the margin, up versus most G10s, albeit small down with the USD and NOK.
• Looking ahead, US, sees GDP and Core PCE, but these are second readings, so unlikely to move the needle.
• Plenty of speakers are scheduled, ECB Rhen, Villeroy and Schnabel. ECB also publish their minutes from the 21-22 July meeting.
• And few Fed speakers appear on Network TV, 0730ET KC's George (Bloomberg), 0800ET Bullard (CNBC), 1030ET Dallas' Kaplan (CNBC).
• 2000ET Full Jackson Hole Agenda Released