Asian – Pacific markets were mostly mixed on Monday morning while the dollar, yields and U.S. equity-index futures rallied as investors digested news that the U.S. Senate narrowly passed an important tax bill in the early hours of Saturday and the special counsel’s probe of President Donald Trump’s election campaign.
EURUSD had a rather quiet session early on Monday currently seen trading around 1.1865 as the EUR lost 0.2 percent against the US Dollar. The dollar rose against all major peers on Monday in Asia, The dollar index, which tracks the dollar against a basket of currencies was up 0.3 percent and is currently valued at 93.18. The yield on 10-year Treasuries rose four basis points to 2.40 percent, reversing a decline on Friday.
The Australian Dollar weakened over 0.2 percent against the US Dollar from session highs of 0.7607 to current levels of 0.7593. Meanwhile, Australia’s 10-year yield rose one basis point to 2.55 percent. The New Zealand dollar followed a similar price action on Monday and is currently trading around 0.6843 as the kiwi lost over 0.6 percent against the USD.
USDJPY took out Friday’s high reaching the highest since Nov. 17 but has since consolidated within a 25 pip range. Currently the Yen is seen trading around 112.87 per US dollar as the JPY slid 0.6 percent against the USD, a welcome reprieve to dollar bulls after three straight sessions of losses. Japan's Nikkei 225 declined 0.4 percent
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