Asia-Pacific equity markets were mixed early on Monday as Iinvestors seek fresh motivation after last week’s run to record highs. Japanese markets lead the losses today as the Nikkei fell over 1.0%. This is in continuation to the U.S. stocks closing mostly lower on Friday. The British pound took a hit as Markets digested headlines that 40 Conservative members of Parliament intended to sign a letter of no-confidence in British Prime Minister May as Brexit talks dragged on.
USDJPY is currently seen trading at 113.44 down from session highs of 113.71. Overall the Yen is down over 0.1 percent against the US Dollar. The Nikkei Stock Average finished morning trading down over 1.3 % in continuation to a 0.8% loss on Friday, its largest percentage loss in two months, amid broad regional weakness.
EURUSD is down a few points net on the session currently valued at 1.1654 as the EUR slipped 0.1 percent against the US Dollar. The dollar index, which tracks the dollar against a basket of currencies was up 0.1 % and is currently valued at 94.47. The yield on 10-year Treasuries was at 2.39 percent, down 1 basis point after climbing 6 basis points on Friday.
AUDUSD opened lower early on Monday reaching lows of 0.7642 but has since recovered and is currently seen trading at 0.7662 as RBA's Debelle spoke, he was upbeat on business investment improving. Australia’s 10-year yield increased one basis point Monday, to 2.62 percent. The New Zealand dollar followed a similar price action on Monday and is currently trading at 0.6932 remaining net unchanged.
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