Entering into US session, Swiss Franc is overwhelmingly the strongest one for today. The reason is so far unknown as we won’t see notable weakness in emerging market currentices. Nor is European stock market in risk aversion mode. Euro is following as the second strongest indeed, and then Yen and Dollar. Commodity currencies are generally softer as last week’s rebound lost steam. Sterling is mixed as there is no more significant development in the UK regarding leadership challenge, nor Brexit agreement.

In other markets, European indices are trading in positive territory at the time of writing:

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  • FTSE is up 0.71%
  • DAX reversed earlier gains and is now up only 0.01%
  • CAC also reversed earlier gains and is now up 0.08%.
  • German 10 year yield is up 0.0-149 at 0.385, still below 0.4%
  • Italian 10 year yield is up 0.025 at 3.514. German-Italian spread is above 310.

Earlier in Asia, all major indices closed up, except Singapore:

  • Nikkei rose 0.65% to 21821.16
  • Hong Kong HSI rose 0.72% to 26372.00
  • China Shanghai SSE rose 0.91% to 2703.51
  • Singapore Strait Times dropped -0.60% to 3065.07
  • Japan 10 year yield dropped -0.0112 to 0.095. Back below 0.1%, suggesting some safe-have demand in Japan.

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