Morning Report

Tuesday, June 12, 2018

The dollar jumped to a 3-week top on Tuesday while stock markets in Asia were choppy as an historic U.S.-North Korea summit got underway in Singapore, raising some hopes it could pave the way to ending a nuclear stand-off on the Korean peninsula.

Tuesday’s North Korea summit will be followed by policy meetings of the U.S. Federal Reserve, which is expected to raise rates, and the European Central Bank as well as a Brexit bill vote in the British parliament.

The dollar index against a basket of six major currencies climbed 0.3 percent to 93.855. The People’s Bank of China set the Yuan reference rate at 6.4121 vs. previous day’s fix of 6.4064.

In commodities, U.S. crude rose 10 cents to $66.20 per barrel, while Brent climbed 7 cents to $76.53.

Source : Reuters