Australian Dollar remains the strongest one today as boosted by US-China trade war ceasefire. And it’s still extending rally. RBA rate decision tomorrow is unlikely to alter the Aussie’s path. Canadian Dollar follows as the second one on strong rebound in oil price. Kiwi is the third strongest for now.
On the other hand, Sterling is suffering fresh selling as focus is turning to Brexit vote in the parliament on December 11. For now, there is high risk of having the Brexit bill voted down. Swiss Franc and Yen follow as the next weakest on strong risk appetite.
In European markets, for now:
- FTSE is up 2.15%
- DAX is up 2.41%
- CAC is up 1.50%
- German 10 year yield is up 0.006 at 0.323
- Italy 10 year yield is down -0.050 at 3.163. Development is rather positive.
- WTI crude oil hit as high as 53.83 but it’s now back at 53.10
Earlier in Asia:
- Nikkei closed up 1.00% at 22574.76
- China Shanghai SSE rose 2.57% to 2654.8
- Hong Kong HSI rose 2.55% to 27182.04
- Singapore Strait Times rose 2.34% to 3190.62
