Risk aversion is the main theme even though trading is generally subdued today. Yen is currently the strongest one, followed by Sterling and then Swiss Franc. The Pound is trying to recover upside is so far capped by no-deal Brexit risks. Commodity currencies are generally lower, led by Australian Dollar. Euro and Dollar are so far mixed, with Dollar having a slight upper hand. Technically, though, weakness is Euro is worth a note as EUR/JPY breaks 117.67 to resume recent decline. EUR/GBP also lost some upside momentum and could turn into consolidation. EUR/CHF is heading back to 1.0863 temporary low and break will further indicate weakness on Euro. 0.9695 support in USD/CHF will also be a level to watch, and break will resume recent down trend. In Europe, currently, FTSE is down -0.50%. DAX is down -0.32%. CAC is down -0.55%. German 10-year yield is down -0.0123 at -0.585. Earlier today, Hong Kong HSI dropped -0.44%. China Shanghai SSE rose 1.45%. Japan and Singapore was on holiday. |
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