Entering into European session, commodity currencies are generally the weakest ones today despite steady stock and oil markets. New Zealand Dollar leads the way down after weaker than expected Q4 job data. But Canadian and Australian are not far away.
Sterling continues to stabilize and is trying to recovery. But it should be noted that there is no actual strength seen in the Pound. It’s just mildly higher, in general, in tight range ahead of BoE rate decision and inflation report. Eyes will also be on UK Prime Minister Theresa May’s visit to Brussels. For now, Yen is the second strongest for today, followed by Dollar.
Over the week, Kiwi is the weakest one, followed by Aussie and then Sterling. Dollar is the strongest followed by Yen and Swiss Franc.
In Asia:
- Nikkei closed down -0.59%.
- Japan 10-year JGB yield is up 0.0124 at -0.004, staying negative.
- Singapore Strait Times is up 0.77%.
- Hong Kong and China are still on lunar new year holiday.
Overnight:
- DOW dropped -0.08%.
- S&P 500 dropped -0.22%.
- NASDAQ dropped -0.36%.
- 10-year yield was flat at 2.702 after dipping to 2.673.
