Dollar rebounds broadly today following receding risk appetite. Investors are apparently paring their gains in stocks. Swiss Franc and Euro are the next strongest, followed by Yen. On the other hand, Australian Dollar and Sterling are the worst performing. In particular, the Pound was weighed down by sharp deterioration in manufacturing data. Over the week, Dollar is still the worst performing but Aussie has the potential to overtake it before close. Euro is still the strongest one, followed by Swiss Franc. In Europe, currently, FTSE is down -0.75%. DAX is down -0.64%. CAC is down -1.12%. Germany 10-year yield is down -0.0185 at -0.512. Earlier in Asia, Nikkei dropped -0.44%. Hong Kong HSI dropped -1.60%. China Shanghai SSE dropped -0.40%. Singapore Strait Times dropped -0.85%. Japan 10-year JGB yield is up 0.0066 at 0.043. |
