TALKING POINTS – FRANC, YEN, US DOLLAR, AUSSIE DOLLAR
- Yen, Franc exposed as risk ardour swells around financial markets
- US Dollar might arise as yield-seeking flows eye Fed vs. G10 divergence
- Australian Dollar carefully reduce before RBA process announcement
A muted charity of US and European mercantile information offers few apparent catalysts for financial markets as a trade week gets underway. That might open a doorway for view trends to take a lead. Asia Pacific shares rose – echoing gains on Wall Street Friday – and certain cues in futures tracking a FTSE 100 and SP 500 spirit during some-more of a same ahead.
On balance, that substantially bodes ill for standby anti-risk currencies like a Japanese Yen and Swiss Franc. Meanwhile, a US Dollar might corner adult as a chipper mood keeps a spotlight on returns. That seems approaching to pronounce to a benchmark currency’s interest deliberation a Fed is on gait to lead all of a G10 counterparts on a process tightening front in a months ahead.
Despite a upbeat mood overnight, a Australian Dollar underperformed. The pierce might have reflected pre-positioning forward of a upcoming RBA financial process announcement. Governor Lowe and association are widely approaching to keep a benchmark money rate unvaried and vigilance delay will continue for some time yet. A travel is not labelled in during slightest until Aug 2019.
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ASIA PACIFIC TRADING SESSION
EUROPEAN TRADING SESSION
** All times listed in GMT. See a full mercantile calendar here.
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— Written by Ilya Spivak, Currency Strategist for DailyFX.com
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