Tuesday, June 12, 2018

FW: Global Markets Daily: Cautious Optimism

 

 

Cautious Optimism

Global Markets Daily
by Saktiandi Supaat

FX Research

USDJPY was bid this morning, buoyed by a sense of cautious optimism. The pair rose another 40pips after swiveling around the 110-figure for much of European session. Moving in tandem is USDCNH, back above the 6.4030. The latter seems to be rather sticky around the 6.40-figure and may continue to remain so ahead of the hike at the FOMC meeting. USD reasserts itself against other currencies soon after with EURUSD last seen around 1.1750 and AUDUSD back under the 0.76-figure. Equities were...

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