 Market sentiments turned generally more cautious last week on renewed uncertainties over US-China trade negotiations. Yen ended as the strongest one on weakness in stocks and treasury yields. New Zealand Dollar was the second strongest, extending prior week's rebound. Dollar was the third strongest helped by late buying. Meanwhile, Swiss Franc was the weakest one, followed by Canadian, and then Sterling. The Pound tumbled as poor PMI data suggested quarterly GDP contraction in Q3. The upcoming week might be relatively quiet as it's shortened by US thanksgiving holiday. But December is like guaranteed to be a wild one. UK elections will be a focus. Next batch of US-China tariff escalation might or might not come on December 15. The democratic movement in Hong Kong would also complete its sixth month. | 
No comments:
Post a Comment