Market wrap: dollar appreciates and risk was on - ANZ

Ross J Burland FXStreet

Analysts at UOB group explained that Equities climbed overnight, treasury yields eased, while the USD appreciated.

Key Quotes:

"Oil rebounded from yesterday’s lows while gold dropped 0.8%. There was a general lack of data and no major speakers overnight meaning moves in financial markets were generally muted."

"Brexit negotiations dominated trading with headlines driving GBP as low as 1.3320 to 1.3433. GBP is trading near the daily high currently on reports that a deal on the European Court of Justice has been struck."

"US equites are up about 0.3-0.4% while European bourses rose a similar amount. Treasury yields fell 1bps across the curve while yield moves in Europe were also contained. Gilts bucked the mild trend with yields up 3bp."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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