Dollar and Yen are the two strongest ones today so far as investors are turning cautious regarding US-China relations. The so called phase-one trade was was supposed to be signed at the cancelled APEC summit in Chile last week. But there is no concrete news regarding the progress yet. The Hong Kong Human Right sand Democracy Act also drew strong objection from China, which threatens retaliation. Sentiments will probably need some breakthrough in trade talks to have a turn around. Meanwhile, the greenback is also firm waiting for FOMC Minutes to confirm that Fed has done with the mid-cycle adjustment. Canadian Dollar recovers mildly after as CPI data matched expectations. On the other hand, Australian Dollar is the worst performing one for today, followed by Swiss Franc and then New Zealand Dollar. Canada CPI rose 0.3% mom in October, matched expectations. Annually, CPI was unchanged at 1.9% yoy, match expectations too. Excluding gasoline, the CPI slowed to 2.3% yoy following three consecutive monthly increases of 2.4% yoy In Europe, FTSE is down -0.96%. DAX is down -0.66%. CAC is down -0.38%. German 10-year yield is down -0.024 at -0.362. Earlier in Asia, Nikkei dropped -0.62%. Hong Kong HSI dropped -0.75%. China Shanghai SSE dropped -0.78%. Singapore Strait Times dropped -0.28%. Japan 10-year JGB yield dropped -0.0209 to -0.111. |
No comments:
Post a Comment