Commodity currencies are trading broadly lower today even though Asian markets show no sign of risk aversion. Australian Dollar turns lower after solid but un-encouraging job data. New Zealand Dollar is paring yesterday’s CPI triggered gains. Canadian Dollar is follow oil prices low as WTI is back at 52.3 after brief recovery.
For now, European majors are the strongest ones today, led by Swiss Franc. Euro will look into PMIs, ECB rate decision and press conference.
For the week, Sterling is the strongest one on receding chance of no-deal Brexit. Kiwi is the second strongest on lower chance of RBNZ rate cut after solid CPI. Australian and Canadian Dollar are the weakest, followed by Dollar.
In Asia:
- Nikkei is currently down -0.14%.
- Hong Kong HSI is up 0.16%.
- China Shanghai SSE is up 0.40%.
- Singapore Strati Times is up 0.42%.
- Japan 10-year JGB yield is up 0.0009 at 0.006.
Overnight:
- DOW rose 0.70%.
- S&P 500 rose 0.22%
- NASDQ rose 0.08%.
- 10-year yield rose 0.025 to 2.744.
