Morning Update – 17/02/2017 – by Arjun Lakhanpal
February 17, 2017Morning all.. Wall St had a very quiet session in the absence of any data with S&P more or less unchanged at the close but the dollar fell again across the board. In Asia all markets were lower with the Nikkei down 0.58% and again the dollar failed to make any significant gains but USDJPY did hold above 113.00. US DoJ: Trump intends to rescind travel order in near future and replace with ‘substantially revised’ order.. Japan Fin Min: planning to start economic dialogue with Trump administration in April; natural for currency to weaken when central banks raise cash supply; US/UK weaken their currencies through QE post-Lehman crisis.. Oil was unchanged overnight and US 10yr yields were quiet; trading at 2.457% last. A very quiet session expected today with no data of note from the US today but this morning we get a look at UK Retail sales data.. Good luck..
