 Euro suffered heavy selling today as Italy and EU stepped up rhetorics on budget clashes. But even heavier selling is seen in Australian, New Zealand Dollar and Sterling. Steep decline in Hong Kong stocks hints that China markets will likely come back from holiday next week facing much troubles. Sterling, on the other hand, is pressured as PM Theresa May faces criticisms on from all sides, including EU and her own Brexiteers over her Chequers Plan. Yen is so far the strongest ones, followed by Swiss Franc and Canadian. Dollar is mixed. Risk aversion clearly dominates the European markets today. DAX dropped to as low as 12203.6 and is now at 12255, down -0.68%. CAC is trading down -0.75% while FTSE is down -0.37%. Italian 10 year yield hit 4-year high at 3.444 before dipping mildly. It's currently up 0.058 at 3.364. German 10 year bund yield dropped to as low as 0.41and is now down -0.032 at 0.444. That is. German-Italian yield at 300 level is again closer than ever. Earlier in Asia, Nikkei closed up 0.1% after paring all earlier gains. Singapore Strait Times dropped -0.39%. Hong Kong HSI tumbled -2.38% to close at 27126.38. USD/CNH hit as high as 6.9047 earlier today and breached 6.8959 resistance. Though, it's now back at 6.8848. All in all, the markets in Hong Kong and Yuan could hit that China market will respond negatively to the USMCA trade deal. | 
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