Asia Morning: US Stocks Rebound after 3-day Selloff
George Lam September 9, 2020 8:37 PM
On Wednesday, the three major U.S. stock indices rebounded after a three-day decline. European Central Bank's interest rates decision will be today's key focus...
Source: Gain Capital, TradingView
Spot gold gained 0.8% to $1,947 an ounce.
On the forex front, the U.S. dollar eased against its major peers, with the ICE Dollar Index slipping 0.3% on day to 93.24.
EUR/USD rose 0.2% to 1.1806. The European Central Bank is expected to hold its key rates unchanged later in the day, while it is reported that some policy makers have gained more confidence in the bloc's economic outlook.
GBP/USD marked a day-low of 1.2886 before closing 0.1% higher at 1.3003.
USD/JPY gained 0.2% to 106.20. This morning, official data showed that Japan's core machine orders grew 6.3% on month in July (+2.0% expected).
USD/CAD retreated 0.6% to 1.3151. The Bank of Canada kept its benchmark rate unchanged at 0.25% as expected and maintained its large-scale asset purchases of at least 5 billion Canadian dollars per week of government bonds.
Other commodity-linked currencies were broadly higher against the greenback, AUD/USD rebounded 0.9% to 0.7279 and NZD/USD bounced 1.0% to 0.6684.
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