From Marc to Market:
Overview: The US dollar is trading with a softer bias against nearly all the G10 currencies. Yesterday's losses have been extended. The exception is the Norwegian krone, which is hovering around unchanged levels. The greenback is softer against most emerging market currencies. Despite Britain and France sending aircraft to help protect Polish airspace after more drone incursions, and Warsaw denying China's request to re-open the border with Belarus (a key conduit for Chinese goods into Europe), central European currencies, including the zloty are firmer. The Chinese yuan is at a new high for the year.
After new record highs by the S&P 500 and Nasdaq yesterday, most bourses in the Asia Pacific region rose. Taiwan and South Korea's markets led the rally of the large bourses with more than 1% gain. Only Hong Kong and China's CSI 300 failed to advance. European equities are lower. The Stoxx 600 is paring yesterday's gains and central European indices are lower, too. US index futures are firmer. European benchmark 10-year yields are a little more than one basis point higher, with the 10-year Gilt yield up two basis points after the employment report. The 10-year US Treasury yield is little changed near 4.04%. After a bullish outside day yesterday, gold reached a new high to near $3698. October WTI is trading quietly inside yesterday's range, which was inside last Friday's range. It is straddling the $63-area.
USD: The Dollar Index posted its lowest settlement since late July yesterday and is being pushed below 97.00 in late European morning turnover....
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