 As the week is heading towards the close, Dollar is trying to pare back some of the losses over the few days. Mixed economic from the US are ignored by the markets. Nonetheless, the greenback is outshone slightly by the Swiss Franc, which is so far to strongest for today. On the other hand, Australian and Canadian Dollar weakens generally. Over the week, Sterling is the strongest one, followed by Canadian Dollar. Yen is the worst performing one, followed by Dollar. In other markets, major European stock indices are trading up slightly today. FTSE is up 0.22% at the time of writing, DAX up 0.34% and CAC also up 0.34%. German 10 year bund yield display some sustainable strength and is up 0.33% 0.458. Two weeks ago on August 31, 10 year bund yield was at 0.330. Earlier in Asia, Nikkei closed up 1.2%, Hong Kong HSI up 1.01%, Singapore Strait Times up 0.95%. But China Shanghai SSE dropped -0.18%. Released from the US, headline retail sales rose 0.1% mom in August, below expectation of 0.4% mom. Ex-auto sales rose 0.3% mom, below expectation of 0.5% mom. Import price index dropped -0.6% mom versus expectation of -0.2% mom. Industrial production rose 0.4% mom in August, above expectation of 0.3% mom. Capacity utilization rose to 78.1%. |
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