BoJ, SNB hold rates, Norges Bank delivers a hike and BoE awaitedUpdated 09:01AM 19/09/2019
CHF and NOK are the top G10 FX gainers today, up 0.54% and 0.47% vs the dollar while AUD and NZD are the top losers, down -0.5% and -0.13% vs the dollar.
Japanese yen and Swiss Franc rallied after the Bank of Japan and SNB, both kept rates on hold, even though Federal Reserve had hinted (on Wednesday) at further easing over the coming months.
Bank of England policy decision is due next but uncertainty over Brexit will limit any forward guidance. The U.K. retails sales underwhelmed (-0.2% vs 0.0% expected).
Elsewhere, Norges Bank delivered the fourth rate hike as expected, further diverging from the trend set by the other major central banks.
In the Asian equities space, the Nikkei 225 closed up 0.38% at 22,044.45, Hang Seng closed -1.07% at 26468.95 and Kospi ended 0.46% at 2080.35. The European equities were trading firm with the FTSE up +0.19% at 7328.13, DAX up +0.31% at 12427.95, and CAC up +0.46% at 5646.73. In the rates market, global yields were trading mixed; the US 10-year yield was trading at 1.7735% and the Bund 10-year yield trading at -0.495%. In the energy space, the Brent (front month) is trading up (0.58%) for the day at $63.97.
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