 Dollar is lifted mildly in early US session as employment data posted slight upside surprise. But buying in the greenback is not broad based yet. A key factoring limiting Dollar' rise is sluggish wage growth. But after all, the set of numbers look way better than February's. Meanwhile, Canadian Dollar is broadly pressured after poor job data. There is prospect of more downside in the Loonie before weekly close. Elsewhere in the markets, stocks are generally higher globally, but there is no committed buying. No Trump-Xi summit was announced yesterday but just positive words that progress was made. Trump said "we're getting very close to making a deal", "within the next four weeks or maybe less, maybe more". This is rather empty. UK Prime Minister Theresa May formally seeks Article 50 extensions till June 30. But EU will only provide an answer next week. In Europe, currently, FTSE is up 0.42%. DAX is up 0.08%. CAC is up 0.34%. German 10-year yield is up 0.021 at 0.017, turned positive, with some conviction. Earlier in Asia, Nikkei rose 0.38%. Singapore Strait Times rose 0.19%. China and Hong Kong were on holiday. Japan 10-year JGB yield rose 0.0082 to -0.03. |
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