Entering into European session, Dollar is trading broadly higher, recovery some of last week’s losses. Minneapolis Fed President Neel Kashkari urged not to tap the break prematurely with more rate hikes. But that prompted little reactions as Fed’s “patient” stance is now commonly known. New Zealand Dollar is the second strongest, followed by Canadian.
On the other hand, Yen and Australian Dollar are the weakest, followed by Swiss Franc. The stock markets are rather quite today as lunar new year is approaching. Indeed, China is already on holiday. Slight rally in stocks is pressing Yen and Swiss Franc. Aussie, on the other hand, is weighed down by poor housing data, which daw dwelling approvals contracted sharply in December.
In other markets:
- Nikkei closed up 0.46%.
- Hong Kong HSI is up 0.21%.
- Singapore Strait Times is down -0.13%.
- Japan 10-year JGB yield is up 0.0096 at -0.0011, staying negative.
