MARKET UPDATE 21-Sep-18

The US dollar struggled near two-month low, while the Japanese Yen also sagged today. This was on reduced safe-haven demand and a switch in investors’ view that the Sino-US trade conflict would be less damaging to global growth than initially feared.

The two-year Treasury yield has climbed to a decade high this week, on the back of receding risk aversion and expectations for a hawkish Federal Reserve meeting next week.

The Australian dollar seen a gauge of risk sentiment, stood near a three-week high, jumping nearly 1.9 percent this week.

Data has been thin lately for the Kiwi, but next week will be seeing the Reserve Bank of New Zealand return with fresh statements, after the recent New Zealand GDP reading came in well above expectations.

FX Rates 21.09.18

 

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