Entering into US session, Dollar remains the strongest one for today as recovery continues. The second place is taken up by Euro, despite weak Sentix Investor Confidence and PPI. Canadian Dollar also remains firm as WTI crude oil edges higher to 55.85. Nevertheless, oil price is suffering some profit taking currently, which oil drags down the Loonie.
Meanwhile, Australian Dollar is the weakest one for today, weighed down by poor housing data. Focus will turn to tomorrow’s RBA rate decision. No change in interest rate is expected. But RBA could give some hints on revisions on economic projections. Details will be published with the Statement on Monetary Policy on Friday. Yen is following as the second weakest, then Sterling.
In European markets:
- FTSE is up 0.28%.
- DAX is down -0.16%.
- CAC is down -0.53%.
- German 10-year yield is down -0.001 at 0.166, staying far below 0.2 handle.
Earlier in Asia:
- Nikkei rose 0.46%.
- Hong Kong HSI rose 0.21%.
- China started lunar new year holiday already.
- Singapore Strati Times dropped -0.13%.
- Japan 10-year JGB yield rose 0.008 to -0.012, staying negative.
