Global Themes

Global equities higher, GBP lower as Boris Johnson steps down.

Share markets around the world ended the Monday session firmly in the green with Shanghai main index up 2.5% and the DOW closing the session up 1.3%.

The GBP also fell to close below 1.8000 against the SGD as foreign secretary Boris Johnson resigns from the UK government.

AUD holds yesterday’s gains

AUDSGD holds above 1.01 figure and we are up 1.2% from the sub parity lows traded in mid-June.

CNY Onshore Fix and UK Data in focus

Trade wars between US and China remains the theme for the week.

Direction of the USDCNH and Chinese equity markets will continue to drive markets this week.

Daily CNY onshore fix at 9.15 AM remains largely watched alongside the US/China trade wars. USDCNH hovering at 6.60 after briefly trading above 6.70 last week.

Elsewhere, UK GDP Data at 4.30 PM is the main data release for today.

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