From Marc Chandler at Bannockburn Global Forex:
Overview: Escalating tensions in Europe and comments from Bank of Japan Ueda that spurred speculation of a December hike are the main drivers of the foreign exchange market today. The yen is the strongest of the G10 currencies, up about 0.65%, while the euro is the weakest, off a little more than 0.25%, and sterling is down almost as much. Most of the other G10 currencies are little changed. Led by central European currencies, most emerging market currencies are weaker today, including the Mexican peso. It was the weakest of the emerging market currencies yesterday and is off another 0.4% today.
Equities are weaker and bonds firmer. All the large bourses in Asia Pacific were lower but China, where a small gain was recorded. Europe's Stoxx 600 is off for the fifth consecutive session, the longest in two months. US index futures are lower, with the Nvidia's disappointment weighing on the NASDAQ futures, which about 0.50% lower. The S&P 500 has not fallen this week, but is down around 0.35%. Benchmark 10-year yields are a little lower, with German Bunds and UK Gilts setting the pace with around a three-basis point decline. The 10-year US Treasury yield also is about three basis points lower to 4.38%. Gold continues to recover. Recall that it had fallen six consecutive sessions until last weekend and has been up every day this week. It settled last week near $2563 and is now near $2670. January WTI is trading quietly inside yesterday's range (~$68.65-$70.00)....
....MUCH MORE
