Entering into US session, Dollar remains the weakest one today, after suffering broad based selloff on dovish FOMC announcement yesterday. At this point, Canadian Dollar is the second weakest while Sterling is the third weakest.
Australian Dollar is the strongest one following strong rally in Asian stocks. However, it has to be noted that Yen is the second strongest one. And European markets are just mixed today. We’re a bit skeptical on overall strength in the stock markets. But let’s see how it goes in the US first. DOW future is currently down -0.1% despite Trump’s upbeat tweets on China trade talks.
European stocks, and to a certain extent Euro, might be weighed down by Eurozone data. German retail sales had biggest monthly drop since 2007. Eurozone Q4 GDP grew at lowest pace in four years. Italy was in technical recession in H2 2018.
In European markets, currently:
- FTSE is up 0.55%.
- DAX is down -0.23%.
- CAC is up 0.10%.
- German 10-year yield is down -0.012 at 0.179.
Earlier in Asia:
- Nikkei rose 1.06%.
- Hong Kong HSI rose 1.08%.
- China Shanghai SSE rose 0.35%.
- Singapore Strait Times rose 0.50%.
- Japan 10-year JGB yield dropped -0.0014 to 0.002.