U.S. Dollar Resilient, Equities have a Weak Start
Updated 10:05AM 10/02/2020
NOK and AUD are the top G10 FX gainers today, up 0.57% and 0.28% vs the dollar while JPY and USD are the top losers.
The US dollar continued to strengthen on the back of a resilient economy and coronavirus threat in China. Sterling dips to a 2-1/2 month low versus the dollar on worries over a trade deal with the EU and general strength in the U.S. economy.
In the Asian equities space, the Nikkei 225 closed -0.60% lower at 23,685.98, Hang Seng closed -0.59% at 27241.34 and Kospi ended -0.49% at 2201.07. The European equities were trading weaker with the FTSE down -0.37% at 7439.09, DAX down -0.3% at 13472.81, and CAC down -0.38% at 6006.62. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 1.5696% and the Bund 10-year yield trading at -0.399%. In the energy space, the Brent (front month) is trading down (-0.28%) for the day at $54.32.
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