Asia Summary and Highlights 2 December

Asia Session

Over the weekend, Trump tweeted that he had a productive meeting with Trudeau while feeling the other way with BRICS. The equity space is opening the week with individual performance with Chinese and Hong Kong equities in the green and Nikkei & U.S. three major equity indexes in the red. AUD/USD slipped 0.30% to 06494 as the USD is broadly stronger, NZD/USD lost 0.51% to 0.5894 while USD/CAD rose 0.26%.

The USD is starting the week higher, a partial rebound from last week's weakness after Trump's tweet over the weekend ease partial trade war worries. From the geopolitics front, Netanyahu said that conditions are ready after the end of the war in the north to complete a deal in Gaza, which seems to cement headlines crossing wires in the past week for a ceasefire deal in the region. USD/JPY rose to 150.54, up 0.56% for the session with U.S. Treasury and JGB yields higher. Else, EUR/USD is down 0.48% and GBP/USD is down 0.36%. Major FX opened in favor of the USD but was once closed.