Entering US session, the forex markets are kind of mixed today. Australian Dollar is so far the strongest one, followed by Yen. Stock market rallies are starting to lose momentum but Aussie is paying little attention. Dollar is a close third as it’s trying to recover some of yesterday’s losses. The main driver of Dollar selling is Fed officials comment that patience is needed before making another rate move. Fed Powell, Bullard and Evans will speak again today and will likely reinforce the same message.

Sterling is the weakest ones over Brexit uncertainties. Prime Minister Theresa May’s Brexit deal will have a meaningful vote next Tuesday. But as the day approaches, it looks increasingly unlikely to get the deal through the parliament. Both Brexiteers and Pro-EU camps look determined to vote it down no matter what. Swiss Franc is the second weakest, followed by Euro.

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In Europe, at the time of writing:

  • FTSE is down -0.03%
  • DAX is down -0.27%
  • CAC is down -0.69%
  • German 10 year yield is down -0.024 at 0.198, back below 0.2 handle

Earlier in Asia:

  • Nikkei dropped -1.29%
  • Singapore Strait Times rose 0.81%
  • Hong Kong HSI rose 0.22%
  • China Shanghai SSE dropped 0.36%
  • Japan 10 year JGB yield dropped -0.0061 to 0.025 but stays positive

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