Entering US session, Sterling is back in the driving seat again and is extending this week’s rally on fading chance of no-deal Brexit. Swiss Franc follows as the second strongest, lifted by escalating Pakistan/India tensions after both shot down each others’ fighter jets. Canadian Dollar is now the third strongest, as oil price rebound. WTI is back above 56.7 as the impact of Trump’s tweet fades. Meanwhile, Aussie and Kiwi are the weakest ones.
Focus will now turn to Canadian CPI first. US will also release trade balance pending home sales and factory orders. Fed chair Jerome Powell will have the second day of Congressional testimony. But testimony of USTR Robert Lighthizer’s testimony will catch more attention. Lighthizer might reveal some of the little known substantial progress in trade talks with China.
In Europe, currently:
- FTSE is down -0.70%.
- DAX is down -0.37%.
- CAC is down -0.15%.
- German 10-year yield is down -0.0127 at 0.107.
Earlier in Asia:
- Nikkei closed up 0.50%.
- Hong Kong HSI dropped -0.05%.
- China Shanghai SSE rose 0.42%.
- Singapore Strait Times dropped -0.36%.
- Japan 10-year JGB yield rose 0.0019 to -0.024.
