From Marc Chandler at Bannockburn Global Forex:
Overview: The US dollar is firmer today. It has reached a new ten-month high against the yen, a little above JPY156 and the euro saw a five-day low near $1.1565. Emerging market currencies are mixed. The PBOC set the dollar's reference rate at a new high for the month. The news stream is light. UK's October CPI was mostly in line with expectations, and the market still is confident of a rate cut next month. Richmond Fed's Barkin and Fed Governor Miran speak today before the FOMC minutes from last month's meeting are published.
Most large equity markets in the Asia Pacific region were [sic] fell today, but China's CSI 300 (~0.45%) and India's indices (~0.5%-0.6%) are the notable exceptions. Europe's Stoxx 600 is a little better than flat in late morning turnover. The S&P and Nasdaq futures are around 0.30%-0.35% better. Japanese bond yields continue to rise, but European 10-year benchmarks are narrowly mixed. The 10-year Gilts yield leads the gains with around a 1.5 bp increase, and the 10-year Swedish government bond yield is off almost the same amount. The 10-year US Treasury yield has lost yesterday's safe haven bid and is at nearly 4.13% after seeing almost 4.08% yesterday. Gold is at a three-day high near $4112. December WTI is trading quietly between about $60.10 and $60.80....
....MUCH MORE
