- Euro, Franc gain as Pound struggles to shake off “hard Brexit” fears
- Kiwi Dollar suffers as US bond yields miscarry after yesterday’s down swing
- Confirmation hearings for Trump cupboard nominees benefaction title risk
The British Pound continued to trade reduce overnight in a pierce that seemed to simulate follow-on movement after UK Prime Minister Theresa May rekindled “hard Brexit” worries yesterday. The Euro and a Swiss Franc traded higher, clearly buoyed as a go-to informal alternatives to a UK unit.
The New Zealand Dollar also declined, trade inversely of benchmark US 10-year Treasury bond yields. The latter’s miscarry substantially reflects visual cost movement after Fed rate travel bets cooled yesterday. As a highest-yielding G10 currency, a Kiwi can be quite supportive to changeable rate spreads.
Looking ahead, a meagre mercantile information calendar overlaps with a postponement in a differently solid tide of scheduled explanation from Fed officials. This leaves a markets rather rudderless, hinting that a consolidative tinge might overcome in a nearby term.
SP 500 futures demeanour prosaic forward of a opening bell on Wall Street, indicating to a neutral view environment and bolstering a box for a laterally session. Complacency is dangerous however as acknowledgment hearings start for nominees to US President-elect Trump’s cabinet, creation for towering title risk.
See a schedule of arriving webinars and join us LIVE to follow a financial markets!
** All times listed in GMT. See a full DailyFX mercantile calendar here.
— Written by Ilya Spivak, Currency Strategist for DailyFX.com
To accept Ilya’s research directly around email, greatfully SIGN UP HERE
Contact and follow Ilya on Twitter: @IlyaSpivak