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Risk Supported on US-China Headlines, RBA Stands Pat, NZ Jobs Data

JFD

Yesterday, the dollar and equities got boosted by headlines suggesting that the interim trade agreement between the US and China could be signed soon. That said, for today, focus may turn on the ISM non-manufacturing PMI for October. Overnight, the RBA stood pat and hinted that it is done cutting for now. As for tonight, during the early Asian morning Wednesday, New Zealand’s jobs report is due to be released.

USD AND EQUITIES GAIN ON TRADE OPTIMISM, ISM NON-MANUFACTURING PMI IN FOCUS

The dollar traded higher against all the other G10 currencies on Monday and during the Asian morning Tuesday. It gained the most versus NZD, SEK, NOK, and JPY in that order, while the currencies against which it gained the least were CAD, AUD and CHF.

Read the full article on JFD Research.

JFD Review

Source: https://www.jfdbank.com/en/research/risk-supported-on-us-china-headlines-rba-stands-pat-nz-jobs-data-20191105
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