S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe USD is experiencing mixed trading, regaining some ground against core majors after earlier losses. The undertone remains bearish, with concerns about Fed policy autonomy impacting investor sentiment. The DXY index is close to key support levels, and minor gains may attract sellers, note Scotiabank Chief FX Strategist Shaun Osborne and FX Strategist Eric Theoret.
USD trading mixed with bearish undertone
“Some investors at least are not persuaded that sound policies are being pursued, and we still rather think that the USD’s outlook is handicapped by investor worries about risks to the Fed policy autonomy.”
“While the DXY is trading firmer again this morning, gains largely reflect a consolidation in price at very soft levels.”
“The index pierced key support at 96.20/30 briefly yesterday and remains close to that point this morning.”
