Entering into US session, New Zealand Dollar is the strongest one for today. It’s followed by Dollar, which pares back some of this week’s losses. Yen follows as the third strongest. On the other hand, Australian Dollar is the weakest one, partly because traders turn cautious ahead of the Trump-Xi meeting. The outcome of the meeting is highly uncertain and we could seen a lot of volatility next week. Euro is the next weakest following weaker than expected inflation data.
In other markets, major European indices trade broadly lower at the time of writing.
- FTSE is down -0.79%
- DAX is down -0.77%
- CAC is down -0.53%
- German 10 year yield is down -0.013 at 0.311
- Italian 10 yea yield is up 0.008 at 3.209
- German-Italian spread remain below 300
- WTI oil is staying above 50 but lacks momentum for more rebound
- Gold hovers in tight range above 1225
Earlier in Asia
- Nikkei closed up 0.40% at 22351.06
- Hong Kong HSI rose 0.21% to 26506.75
- China Shanghai SSE rose 0.81% to 2588.19
- Singapore Strait Times rose 0.26% to 3177.61
