 After some roller coaster rides, Sterling is trading broadly higher for today after EU approved a short Brexit extension for UK. But overall, the Pound remains the weakest one for the week. Delaying the "cliff edge" by two weeks is just giving the economy a breather. The problem is not solved and uncertainties remain. Nevertheless, focus will turn to economic data from Eurozone and Canada today first. Staying in the currency markets, New Zealand Dollar is the second strongest for today, following Sterling. Swiss Franc is the weakest one, followed by Australian Dollar. But all major pairs and crosses are bounded inside Thursday's range. As for the week, Sterling is the weakest, followed by Canadian and then Dollar. Swiss Franc is the strongest, followed by Kiwi and Yen. In Asia, Nikkei closed up 0.09%. Hong Kong HSI is down -0.19%. China Shanghai SSE is up 0.09%, staying above 3000 handle. Singapore Strait Times is up 0.01%. Japan 10-year JGB yield is down -0.0335 at 0.071. Overnight, DOW rose 0.84%. S&P 500 rose 1.09%. NASDAQ rose 1.42%. 10-year yield rose 0.002 to 2.537. |
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