Forex Calendar

Daily FX Update

The USD is mixed, equities are flat to slightly higher and the U.S. 10‐year yield at

G10 FX rates are essentially unchanged. EURUSD is at 1.2474, USDJPY is at 117.82, and

Jean-Claude Juncker will present the EUR315bn EFSI (European Fund for Strategic Investment) programme to

Record-low yield levels were reached again yesterday on Euro-area government bond markets.

The USD is generally stronger, with the largest gains against AUD and NZD followed by the Scandinavians.

Czech Governor Singer’s comments support the koruna. The NBH to keep its base rate unchanged

NZD led declines in G10 FX, down 0.5% to 0.781. AUDUSD resumed its downtrend to 0.858.

Details on the German Q3 GDP numbers are released today and focus will be on how much private consumption grew last quarter.

German bond yields headed higher for a change yesterday, while the curve steepened a bit.

Last week: Since the close on November 14th, the USD has gained over one percent against JPY, AUD and

ECB Draghi’s dovish comments continue to support CE government bonds.

AUD rebounded to 0.87 this morning, but still below its Friday high post PBoC’s rates cut.