Entering into US session, Australian Dollar remains overwhelmingly the weakest one today, followed by New Zealand and then Canadian Dollar. The Aussie was sold off after RBA Governor Philip Lowe put a rate cut back onto the table.
Yen is the strongest one on mild risk aversion, as also helped by selloff in AUD/JPY. Sterling is the second strongest but it’s just in corrective recovery. The Pound is overall weak on Brexit uncertainty. UK Prime Minister Theresa is visiting Brussels tomorrow. So far, EU officials sound very firm that they won’t back down on Irish backstop.
In European markets, currently:
- FTSE is down -0.02%.
- DAX is down -0.48%.
- CAC is down -0.23%.
- German 10-year yield is flat at 0.173.
Earlier in Asia:
- Nikkei closed up 0.15% at 20875.63. 3
- Japan 10-year JGB yield is down -0.0062 at -0.015, staying negative.
- China, Hong Kong and Singapore are still on lunar new year holiday.
