From Marc Chandler at Bannockburn Global Forex:
Overview: The US dollar is mixed but the risk-appetites are finishing the week on an update. In the foreign exchange market, this is reflected in the dollar-bloc currencies leading the G10 higher, with the yen and Swiss franc the laggards. Japan's spring wage negotiation round is producing solid preliminary results, but a new funding scandal may weaken the minority government led by Prime Minister Ishida. Most emerging market currencies are also trading with a firmer bias, including the Mexican peso, which is at its best level since the US election.
With a few notable exceptions, like South Korea, India, and Singapore, the large Asia Pacific equity markets rallied, with China's CSI 300, Hang Seng, and mainland shares that trade in HK advanced by more than 2% today. Europe's Stoxx 600 is up about 0.4%, trimming this week's loss. US index futures are trading higher. European benchmark 10-year yields are mostly 1-2 bp firmer on the day and 2-4 bp higher on the week. The 10-year US Treasury yield is about three basis points higher to push against 4.30%. It is up slightly more than eight basis points this week. Gold is at record levels near $3000. May WTI is firm but trading quietly in yesterday's range (~$66.10-$67.65). It settled near $65.70 last week.
USD: The Dollar Index appears to be forging a base, maybe a rounded bottom, but continues to struggle to re-establish a foothold above 104.00....
....MUCH MORE
