Dollar retreats mildly today after PCE inflation data posted no surprises. While there is some profit taking, the greenback remains the strongest one for the week by some distance. Selling focus has turned from Euro to commodity currencies today, as lead by Aussie. The overall close would still depend on development in risk sentiment, which has been very volatile recently. In Europe, at the time of writing, FTSE is down -1.42%. DAX is down -1.97%. CAC is down -1.79%. Germany 10-year yield is up 0.0395, still negative at -0.016. Earlier in Asia, Nikkei rose 2.09%. Hong Kong HSI dropped -1.08%. China Shanghai SSE dropped -0.97%. Singapore Strait Times dropped -0.42%. Japan 10-year JGB yield rose 0.0094 to 0.169. |
