The yen was the main gainer among the G10s, while major equity indices ended Monday's session in the red. Once again, the catalysts may have been rising US Treasury yields as well as worries over Italy’s budget plans. The fact that PBOC’s easing over the weekend failed to support Chinese stocks may have also contributed to risk aversion.
Sentiment Remains Fragile Amid a Blend of Italy, China, and Fed Hike Speculation
The dollar traded lower or unchanged against most of the other G10 currencies on Monday. It gained slightly only against EUR, GBP and CHF. The greenback underperformed versus JPY, AUD, NZD and CAD, while it traded virtually unchanged against NOK and SEK.
Market sentiment remained fragile yesterday, even if this is not clearly visible by the performance of currencies. Yes, the safe-haven yen was the main winner against its...
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