From Marc Chandler at Bannockburn Global Forex:
Overview: The US dollar begins the new week on a firm note. It is trading at new highs for the year against the Japanese yen and is bid against nearly all the G10 currencies, though the Swedish krona and Canadian dollar are resisting the greenback's push. Most emerging market currencies are heavier, with the Polish zloty and a few East Asian currencies holding their own. Gold is trading with a heavier bias near $1922, but within the ranges seen at the end of last week.
New pressure on China's property developers, amid concerns over the possible liquidation of Evergrande weighed on Chinese shares, but other large bourses in the region, except South Korea, rose today. The MSCI Asia Pacific Index fell 2.35% last week, the most in five weeks. Europe's Stoxx 600 is off almost 0.65% today, twice the pre-weekend loss. It fell nearly 1.9% last week. US index futures are trading slightly lower. The S&P loss 2.9% last week and the NASDAQ was off 3.6%. Bond are also under pressure today. European benchmarks are 5-6 bp higher and most yields are making new three-month highs. That holds for the US as well, where the 10-year yield is approaching 4.50%. The two-year yield is near 5.13%. Lastly, November WTI is trading little changed near $90.00, inside the pre-weekend range (~$89.30-$91.35)....
....MUCH MORE
