HomeLive CommentsMid-US update: Yen selloff accelerates as S&P 500 hits record high

Mid-US update: Yen selloff accelerates as S&P 500 hits record high

** S&P 500 hits all time high already.

Yen’s selloff accelerates in US session on the back on strong risk appetite. S&P 500, currently at 2871, up 0.49%, is closing in on record high at 2872.87. DOW is up 0.44% and NASDAP is up 0.83% at the time of writing. Dollar recovers some ground against Canadian Dollar, but remains pressured against all others.

On the other hand, Sterling seems to have responded well to the post meeting press conference of Raab and Barnier. They’re adding intensity on Brexit negotiation and are still targeting to complete a deal by October EU summit. Kiwi follows as the second strongest, and then Euro.

In other markets, FTSE closed down -0.34% at 7565.70. DAX gained 0.43% to 12385.49. CAC rose 0.54% to 5408.60. Gold is back below 1190 as Dollar stabilized a bit from Trump triggered selloff.

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