Following yesterday's post-election volatility, markets are showing signs of stabilization. A consolidative tone is evident in the foreign exchange market, with the US dollar softening against all G10 currencies. The Norwegian krone leads gains, up 1% after its central bank opted to hold rates steady.
Equities are in positive territory today, with US index futures posting modest gains. Gold, after extending yesterday's sharp sell-off to $2643.50, has rebounded to around $2667 in European trading. December WTI crude is trading within yesterday's range, consolidating near $71.

Asia-Pacific Markets
The US dollar climbed nearly 2% to JPY154.70 yesterday, marking the highest level since July 30. US yields have stabilized, with the greenback consolidating in the upper range. In late Asia-Pacific trading, it reached JPY153.65, holding above the JPY153.40 retracement level.
Meanwhile, the Australian dollar dipped below $0.6515 yesterday, the lowest since August 8, before rebounding to around $0.6600 in Europe and stabilizing in North America. It’s now approaching $0.6640, its 20-day moving average.

European Markets
Today, four European central banks are convening. Sweden's Riksbank has already announced a 50-basis-point cut, lowering its deposit rate to 2.75%. The Bank of England is expected to follow with a 25-basis-point cut to 4.75%, while the Czech central bank may also announce a similar cut to 4.0%.
The euro, after bottoming around $1.0685 in North America yesterday, has climbed to $1.0770 today, just below yesterday’s European high.
Sterling is consolidating near $1.2950 after retracing roughly half of yesterday’s losses.

American Markets
In the US, attention remains on the FOMC meeting and the potential trajectory for interest rates. Market expectations indicate 75-100 basis points of rate cuts by mid-next year, reflecting divergence from the Fed’s cautious approach earlier this year.
Following a retreat early in the week, the US dollar surged against the Canadian dollar post-election, touching nearly CAD1.3960 before pulling back to CAD1.3870 today.