 The forex markets are generally staying in familiar range as traders turn cautious ahead of G20 summit and, of course, the highly anticipated Trump-Xi summit. There are rumors flying around on whether there will be a deal of no deal. But it's no to productive to guess at this point. We'll see soon. For today, New Zealand Dollar is the strongest one. Dollar follows as it continues to pare Powell inspired losses. Euro is the weakest one for today after weaker than expected inflation and employment data. Sterling and Swiss Franc follow as the next weakest. In other markets, major European indices are trading generally at the time of writing. FTSE is down -0.59%, DAX down -0.38%, CAC down -0.20%. German 10 year yield is down -0.012 at 0.312. Italian 10 year yield is down -0.002 at 3.199. Spread remains below 300. Earlier today, all major indices closed with gains. Nikkei rose 0.40%, Hong Kong HSI rose 0.21%, China Shanghai SSE rose 0.81%, Singapore Strait Times rose 0.26%. Released in US session, Canadian GDP dropped -0.1% mom in September, below expectation of 0.1% mom rise. IPPI rose 0.2% mom in October while RMPI dropped -2.4% mom. Canada, Mexico and the US have just signed the USMCA agreement formally. |
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