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US Dollar Starts the Week Bid ahead of the FOMC
Equities, bonds, and the dollar begin the new week on a firm note. Japanese, Chinese, Australian, and New Zealand equities advanced in the Asia Pacific region. Europe's Stoxx 600 is snapping a three-day decline, and US futures are 0.25%-0.35% higher. The US 10-year yield is a little softer at 1.48%. European benchmark yields are mostly 1-2 bp lower, and near 0.71%, the UK Gilt's yield is at a three-month low. The dollar is rising against all the major currencies and is 0.3%-0.45% higher against most. The Canadian dollar and sterling are the most resilient. Among emerging market currencies, the Chinese yuan continues ... (full story)
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