Canadian and US Dollar are the strongest ones in a rather quiet day. WTI crude oil stays firm above 49 but there is no buying to push it through 50 handle yet. But that's enough to keep the Loonie buoyed ahead of BoC rate decision tomorrow. Dollar is supported by rebound in treasury yields as 10-year yield is now back above 2.7 handle. On the other hand, New Zealand Dollar and Euro are the weakest ones for today. US-China trade negotiations are extending into overnight in Beijing today. Markets will be eager to hear some positive comments as the meeting completes. Meanwhile, eyes will also be on Trump's planned speech regarding border wall and government shutdown. But that will come late at around 9pm EST. In other markets, DOW futures are pointing to another day of higher open. In Europe, FTSE is currently up 1.04%, DAX is up 1.24%, CAC is up 1.62%. German 10 year yield is up 0.0141 at 0.238. Earlier in Asia, Nikkei gained 0.82%, Hong Kong HSI rose 0.1%, Singapore Strait Times rose 0.65%. But China Shanghai SSE dropped -0.26%. Japan 10-year JGB yield attempted to turn positive but closed at -0.003, up 0.0115. |
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