Brexit Deal or No Deal
Created 10/18/2019 at 09:23AM
NZD and SEK are the top G10 FX gainers today, up 0.43% and 0.29% vs the dollar while NOK and JPY are the top losers, down -0.1% and -0.01% vs the dollar.
Chinese GDP disappointed but yuan was stable. The dollar index continued its slide as Brexit hopes lifted the euro. The market is now also expecting a Fed rate cut on the 30th of October and these considerations should drive the FX over the coming days. Elsewhere, NOK continued to hit new all-time lows with no obvious reasons to explain the move.
In the Asian equities space, the Nikkei 225 closed up 0.18% at 22,492.68, Hang Seng closed -0.48% at 26719.58 and Kospi ended -0.83% at 2060.69. The European equities were trading mixed with the FTSE -0.37% at 7155.55, DAX 0.1% at 12668.0, and CAC -0.36% at 5652.6. In the rates market, global yields were trading firmer; the US 10-year yield was trading at 1.7676% and the Bund 10-year yield trading at -0.384%. In the energy space, the Brent (front month) is trading down (-0.1%) for the day at $59.85.
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