Entering into US session, New Zealand Dollar remains the strongest one for today. June exports jumped to record high and that solidifies the case for RBNZ to stand pat tomorrow. Yen is trading as the second strongest, as helped by falling treasury yields. German 10-year yield hits record low at -0.33. US 10-year yield could revisit 2% handle again today. On the other hand, Swiss Franc is currently the weakest one, paring back some of recent rally on reduced concern on war in middle east. EUR/CHF also recovers ahead of 1.1056 support. Sterling is the second weakest, and then Euro.

The main focus in European session session is US consumer confidence. Some housing data will also be released. Additionally, Fed chair Jerome Powell will speak again today and markets are keen to know how close is Fed to rate cut. At the same time, any news regarding US-China trade negotiations ahead of Trump-Xi meeting at G20 will also be watched.

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In Europe, currently:

  • FTSE is up 0.02%.
  • DAX is down -0.06%.
  • CAC is up -0.09%.
  • German 10-year yield is down -0.015 at -0.320.

Earlier in Asia:

  • Nikkei dropped -0.43%.
  • Hong Kong HSI dropped -1.15%.
  • China Shanghai SSE dropped -0.87%.
  • Singapore Strait Times dropped -0.22%.
  • Japan 10-year JGB yield rose 0.0009 to -0.15.


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