Dollar and Yen recover mildly today but remains the two weakest for the week. For now, there is little news regarding the US-China trade talks in Washington. Focus will turn to minutes of January 29/30 FOMC meeting first. There Fed made a drastic turn and declare it will be "patient as it determines what future adjustments". Since then comments from Fed officials suggest that some of them, like New York Fed John Williams, viewed current 2.25-2.50% as being at the lower end of neutral. The minutes today will likely reinforce this message. Elsewhere in the currency markets, Sterling turns softer on news that three Conservative lawmakers quit the party. And expectation of Prime Minister Theresa May's visit to Brussels is rather low. Though, the Pound is still the strongest one for the week. At the time of writing, Canadian Dollar is the strongest one for today, followed by Swiss Franc and then Euro. In other markets, DOW future is currently down -37pts. FTSE is up 0.11%. DAX is up 0.30%, CAC is up 0.18%. German 10-year yield is down -0.0117 at 0.095. Earlier in Asia, Nikkei rose 0.60%. Hong Kong HSI rose 1.01%. China Shanghai SSE rose 0.20%. Singapore Strait Times rose 0.57%. Japan 10-year JGB yield dropped -0.0076 to -0.037. |
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