Entering into US session, Australian Dollar remains the weakest one for today weak details in May job data suggests that considerable slack remains in the Australian labor market and affirms the case for more RBA rate cut later this year. For now, New Zealand Dollar is the second weakest.
On the other hand, Canadian Dollar and Swiss Franc are the strongest ones so far. WTI crude oil rebounds strongly ahead of 50.64 support. There are reports that two oil tankers had been attacked in the Gulf of Oman, with fresh tensions in that region potentially posing a threat to global supplies. SNB kept policy rate unchanged at -0.75% and reiterated the readiness for currency intervention. Franc and Yen are lifted by mild risk aversion.
In Europe, currently:
- FTSE is up 0.09%.
- DAX is up 0.39%.
- CAC is down -0.02%.
- German 10-year yield is down -0.005 at -0.241.
Earlier in Asia:
- Nikkei dropped -0.46%.
- Hong Kong HSI dropped -0.05%.
- China Shanghai SSE rose 0.05%.
- Singapore Strait Times rose 0.40%.
- Japan 10-year JGB yield rose 0.0004 to -0.111.
