From Marc Chandler at Bannockburn Global Forex:
Overview: The US dollar is narrowly mixed against the G10 currencies. Stronger than expected Australian retail sales helped steady the currency after the soft inflation data took it down. Sterling has also steadied after it suffered its largest loss yesterday (~0.9%) in over a month. Sweden's 25 bp rate hike has not given the krona much of a lift. Central European currencies lead the emerging market currencies higher, while the PBOC set the dollar's reference rate lower than expected. Still the yuan is softer.
Equities in Asia were mixed, but the Europe's Stoxx 600 is posting gains for the third consecutive session. US large banks passed the Fed's stress test, and some good earnings news is helping US index futures post modest gains. Benchmark 10-year bonds yields are mostly 4-6 bp higher in Europe and the US 10-year Treasury yield is about five basis points higher near 3.76%. Gold remains softer and testing the $1900 area, which it has not traded below since mid-March. August WTI recovered from almost $67 yesterday to test $70 today where is has stalled.
Asia Pacific...
....MUCH MORE
