Entering into US session, Australian dollar remains the weakest one for today, as continues to be weighed down by CPI miss. Dollar and Euro are trading as the second and the third weakest one. Markets are having their eyes on the meeting between Trump and European Commission President Jean-Claude Juncker today. But it’s unlikely for the “master of deal” and the “brutal killer” to achieve anything of significance. Meanwhile, Canadian Dollar and Swiss Franc are the strongest two today.
For the week, Yen remains on the strongest one so far. 10 year JGB drops slightly to 0.070 today, below this week’s high at 0.090. But it’s still way higher than last week’s high at 0.49. Sterling is trading as the second strongest one as traders were happy with UK PM Theresa May’s take over of Brexit negotiation. Euro is the weakest one followed by Australian Dollar.
