Entering into US session. Dollar suffers a fresh round of selling against European majors in particular. It’s unsure what’s the exact reason that drives the greenback down, together with Yen. Could it be Trump’s rant that his border wall is excluded from the spending of the Republican-led Congress?
Well, jokes aside, German 10 year bund yield’s surge through 0.5% is likely the reason. It is currently up 0.011 at 0.501.
For now, Sterling remains the strongest one for today as helped by much stronger than retail sales. Additional support is given by positive words from EU leaders on Brexit agreement. At least, they’re working towards a deal rather than away from it. New Zealand is trading as the third strongest one. It’s second place was taken by Euro.
In other markets, European stock indices are strong with CAC leading the way up by 0.81%, DAX by 0.51% and FTSE by 0.16%. Earlier today, Asian markets were firm with Nikkei up 0.01%, Hong Kong HSI up 0.26%, Singapore Strait Times up 0.12%. China SSE closed slightly down by -0.06%.
