Home Artikel Market News Antipodeans Slipped, Safe-Havens Soared Amid Risk-Off Tone

Antipodeans Slipped, Safe-Havens Soared Amid Risk-Off Tone

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During the European session, the market mood is broadly risk-off, with European indices traded lower, lower yield, and strength in safe-havens.

In the FX markets, the USD is leading across the board followed by the JPY, boosted by risk-off tone.

On the other hand, the antipodeans’ currencies (AUD & NZD) remained pressured amid the risk-off tone. AUD started to plunge after Reserve Bank of Australia’s Governor Phillip Lowe announced that the central bank could cut rates to 0.1% and leave rates at lower levels for longer.

Meanwhile, GBP declined as the European Union and Britain were set to prolong Brexit talks past a mid-October deadline to try to bridge gaps holding up a new trade agreement.

Ahead of the New York session, we expect that the risk tone remains the same, which could support the safe-havens, and keep the pressure on the antipodeans. However, investors will focus on US unemployment claims, which is expected to print around 800K.

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