 Dollar stays steady in early US session after mixed non-farm payrolls report. Even though Canada reported a set of far more impressive data, USD/CAD is back into tight range after initial knee-jerk reactions. For now, Sterling is the strongest one for today, followed by the greenback. Yen is the third strongest one on risk a aversion. On the other hand, New Zealand dollar is the weakest one, followed by Swiss Franc and then Aussie. In other markets, major European indices are all in red today. FTSE is down -0.87% at the time of writing, DAX down -0.8% and CAC down -0.50%. Earlier today, Nikkei closed down -0.8%, Hong Kong HSI down -0.19%, Singapore Strait Times lost -0.67%. We wonder how much China SSE will fall when it's back from holiday next week. Strength in global treasury yields is weighing down on investors' sentiment. German 10 year bund yield is up 0.026 at 0.560. UK 10 year gilt yield is up 0.029 at 1.564. Though, Japan 10 year JGB yield lost -0.0083 to 0.152. Technically, we might see Dollar gives up more ground before weekly close as it has turned into consolidation against Euro, Sterling, and Yen. Even AUD/USD is losing some downside momentum. The focus is instead on how far Brexit hope could take the Pound to. |
No comments:
Post a Comment