Month: June 2021

Dollar is consolidating some gains in Asia session today but remains overwhelmingly the strongest for the week. Yen is following closely as second best. Yet, there is no one-sided risk aversion in the markets to help Yen against Dollar. US stock indexes ended mixed overnight only, while Asian markets are trading in narrow range. Swiss
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Russell 2000 fell The major US indices are closing the day mixed. The Dow industrial average was the worst performer. The NASDAQ index was the best performer Technology +1.17% Healthcare +0.8% communication services +1.49% financials -2.93% energy -3.49% materials -2.2% Highlights: Dow closes down for the fourth straight day Longest losing streak since January for
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Dollar’s post-FOMC strength continues to overwhelm the markets today. Though, Yen is also catching up as US futures point to a weak open. Selling in commodity Yen crosses is also helping the Japanese currency. Swiss Franc is currently the worst performing, as SNB sounded it’s fully in inertia despite better growth and inflation outlook. Kiwi
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10-year yields are down 2 bps to 1.555% currently The dollar may still be working with the technicals and gaining some modest ground in European morning trade but not a lot of that ‘hawkishness’ per se is being reflected in the bond market at the moment. 10-year yields are retracing slightly after yesterday’s surge, falling
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