The is trading higher against all the G10 currencies today, but it has not broken out of this week’s ranges. The is rising for the fourth session this week and has recovered last week’s 0.55% decline. The greenback is mixed against emerging market currencies. While the JP Morgan Emerging Market Currency Index is up about 0.15% this week, the MSCI gauge is off by about 0.10%.
Equities are mostly firmer today. In the Asia Pacific region, the Nikkei and China’s CSI 300 gained more than 1%, but South Korea’s Kospi jumped 2.5% and led the region higher this week with a 5.1% gain. President Lee will meet President Trump on October 29 and President Xi on November 1.
The South Korea won recovered from six-month lows following verbal intervention by the finance minister. Despite a better preliminary PMI, the euro struggles to find much traction and the Stoxx 600 is nursing a small…
