Entering into US session, Dollar trades notably higher after ADP employment beat expectations and showed 230k growth in September. Sterling is the strongest one so far, but is vulnerable to another selloff. Euro’s recovery has already lost steam. The news that Italy would lower budget deficit target slightly after 2019 just received mildly positive reactions by the markets. On the other hand, Australian and New Zealand Dollar are trading as the weakest ones for today, followed by Swiss Franc and Yen.

In other markets, DAX is on holiday today. CAC is trading up 0.67% while FTSE is up 0.60% at the time of writing. German 10 year bund yield trades up 0.031 at 0.456. Italian 10 year yield trades down -0.11 at 3.334. German-Italian spread narrows today but remains huge.

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Earlier today, Nikkei closed down -0.66%< Hong Kong HSI down -0.13%. But Singapore Strait Times gained 0.76%. One development to note is that Japan 10 year JGB yield added another 0.0126 to close at 0.142. It’s now notably outside BoJ’s band of -0.1% to 0.1%.

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