Entering into US session, Yen remains the weakest one for today as risk appetite extends from Asian markets to Europe and then US. Swiss Franc is following as the second weakest and then Dollar.
Australian Dollar led commodity currencies higher for now even though, upside is relatively limited. Euro is firm despite weak German Ifo Business Climate. Meanwhile, Sterling turned mixed, losing some momentum, feeling resistance from key levels against Dollar and Euro.
For the week, Sterling remains the strongest one, followed by Kiwi and then Dollar. Aussie and Canadian are the weakest ones.
In Europe, currently:
- FTSE is up 0.21%.
- DAX is up 1.59%.
- CAC is up 1.10%.
- German 10-year yield is up 0.008 at 0.192, but stays below 0.2 handle.
Earlier in Asia:
- Nikkei rose 0.97%.
- Hong Kong HSI rose 1.65%.
- China Shanghai SSE rose 0.39%.
- Singapore Strait Times rose 0.36%.
- Japan 10-year JGB yield dropped -0.0106 to 0.00%.
