World equities slumped yesterday with Asian bourses following loses on Wall Street which experienced a down day after a three day climb as lower energy prices and a resurgence of USD bulls led to a change in sentiment.
In FX, the USD remained firm throughout the session as we saw the EURUSD dip below the 1.1300 handle, while the GBPUSD retested yesterday’s lows after the latest polls have British voters in favour of a BREXIT. The sip in crude also saw the AUD being punished at it trades below 0.7400 after relentless bear selling.
Today’s key risk events are as follows:
- German Buba President Weidmann is due to speak
- Employment Change expected at 3.1k
- Unemployment Rate expected at 7.1%
- Prelim UoM consumer Sentiment expected at 94.1