Entering into US session, Swiss Franc and Yen are the strongest ones for today so far as risk aversion dominates. DOW future is pointing to another gap down in US markets. Chinese Vice Premier Liu He will try to save the trade deal in Washington as new round of tariffs loom tomorrow. The France is give an additional lift on weakness in both German yield and China Yuan. Euro, remains rather resilient though.
On the other hand, Australian Dollar is the worst performing one for today, followed by Canadian and then Sterling. In particular, the lift from RBA’s standing pat earlier this week was rather brief. AUD/USD looks set to break through 0.6962 low soon, should trade war escalation materializes.
In Europe, currently:
- FTSE is down -0.75%.
- DAX is down -1.20%.
- CAC is down -1.56%.
- German 10-year yield is down -0.019 at -0.061.
Earlier in Asia:
- Nikkei dropped -0.93%.
- Hong Kong HSI dropped -2.39%.
- China Shanghai SSE dropped -1.48%.
- Singapore Strait Times dropped -0.43%.
- Japan 10-year JGB yield rose 0.0053 to -0.046 l
