Entering into US session, Dollar regains a lot of ground as global stock markets rebound today. Also, other than Trump, members of his administration tried to tone down the attack on Fed’s rate hikes. Nonetheless, Canadian Dollar and Australian Dollar are the strongest ones, not the greenback. Sterling is trading as the weakest, followed by New Zealand Dollar and then Euro. Overall, the forex markets have turned mixed.
At the time of writing:
- DAX is trading up 0.86%
- CAC up 0.90%,
- FTSE up 0.72%
- German 10 year yield down -0.0024 at 0.518.
- Italian 10 year yield is down -0.016 at 3.555.
- US futures point to high open, with triple digit gains for DOW. But it’s still more than an hour to go.
Earlier in Asia:
- Nikkei closed up 0.46%,
- Singapore Strait Times rose 0.71%,
- Hong Kong HSI rose 2.21%
- China Shanghai SSE is gained 0.91% to 2606.91, still below prior key support at 2638.
