Entering into US session, Dollar is trading as the strongest one for today. A wave of buying flushed into markets in European session. But the greenback’s rally somewhat stalled quickly. Yen is trading as the second strongest while Sterling is the third. On the other hand, New Zealand Dollar’s selloff resumes today. Canadian Dollar and Euro are the second and third weakest ones.
In other markets, European stocks are are trading generally lower. DAX is down -1.35% while CAC is down -1.57% at the time of writing. FTSE is down -0.54%. Earlier today, Asian markets strengthened towards the end of the session as led by China. The Chinese SSE rose 1.1% to close at 2750.58. Hong Kong HSI rose 0.94% and Singapore Strait Times rose 0.10%. Nikkei closed much earlier and didn’t catch the ride, closed down -0.05%.
Immediate focus in early US session as BoE Governor Mark Carney’s parliamentary hearing. The most interesting question is whether he’ll stay after his term expires next year. US ISM manufacturing will catch a lot of attention too.
