Entering into US session, Australia and New Zealand Dollar are taking turns to be the strongest one today. Sentiments are generally supported after Trump postponed the March 1 trade truce deadline with China. Chinese customs data also showed that US soybeans imports nearly doubled in January from a month ago. But it should be noted that other than the strong rally in Chinese stocks, market reactions elsewhere are relatively muted. Aussie is limited well above last week’s higher against Dollar and Euro. Yen is also held in familiar range against Dollar, Euro and Sterling.
Canadian Dollar taking over Yen as the weakest one for today. WTI crude oil is down sharply, now below 56, comparing to Friday’s high at 57.83. It’s reacting negatively as Trump complains that oil prices are too high with his tweets again.
In Europe, currently:
- FTSE is down -0.09%.
- DAX is up 0.56%.
- CAC is up 0.33%.
- German 10-year yield is up 0.016 at 0.112.
Earlier in Asia:
- Nikkei rose 0.48%.
- Hong Kong HSI rose 0.50%.
- China Shanghai SSE rose 5.60%.
- Singapore Strait Times rose 0.07%.
- Japan 10-year JGB yield rose 0.0056 to -0.034
