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- AUD leads risk-on sentiment at the start of European trading
AUD leads risk-on sentiment at the start of European trading
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Loading...Markets remain strongly positive for US-China progress, as an earlier report noted that the two countries are very close to reaching an agreement. I do not find this news for anything new, but the headlines are more than enough to support risky assets.
The Ozzie won better-than-expected retail sales earlier in the morning, with AUD/USD rising close to 0.7100. At the same time, the Kiwi is also traded near the summit of the session, and for now the markets stick to the risk-on sentiment.
As a result, both the dollar, the yen and the Swiss are lagging behind. One of the reasons for the weak yen is also the surge in the yield on government securities. The yield on 10-year Government Bonds jumped 2.7 basis points to 2.50%.
Pounds sees a much quieter start after trying to rebuild at night when Theresa May offered a compromise option to move to the next stage of the Brexit deal. Expect more titles from this rhetoric later in the day as Parliament continues the endless debates.
Trader Aleksandar Kumanov Read more:
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