Asia-pacific equities were mostly muted early on Tuesday following a mixed overnight session in the U.S. that nevertheless saw the Dow Jones industrial average notch a record closing high. Investors’ rotation out of technology shares globally took a toll on some of the region’s tech heavyweights. Worries about Brexit talks have also added to pessimism in global markets.
USDJPY was marginally higher on Tuesday currently seen trading above 112.60 after the Dollar dropped to lows of 112.36 after a disappointing slide in US trading. Japan's Nikkei 225 retraced some of its early losses to trade down 0.35 percent, the losses were mostly led by declines in high-flying technology shares.
EURUSD had a rather quiet session trading steadily around 1.1870. The common currency was helped by hopes the two major German parties will form a grand coalition. The dollar index, which tracks the dollar against a basket of currencies lost 0.1 % for the session and is currently valued at 93.11. The yield on 10-year Treasuries was more than one basis point higher at 2.39 percent after climbing as much as six basis points in the previous session.
AUDUSD is currently seen trading around 0.7647 as the Aussie dollar climbed close to 0.7 percent against the USD following better-than-expected domestic retail sales for October. In addition to this The Reserve Bank of Australia kept its cash rate unchanged at its December policy meeting — as expected. Australia’s 10-year yield rose almost five basis points to 2.59 percent.
NZDUSD too had an active session on Tuesday currently seen trading around 0.6895 after climbing over 0.5 percent after comments from the central bank’s acting governor. Grant Spencer said the Reserve Bank of New Zealand was becoming more flexible in its inflation targeting.
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