During today’s early trading session, Asian markets were slightly higher after a stronger Dollar weakened the Yen, however, gains were limited as Chinese data showed a decline in imports and exports during the month of January. Following the speech by Reserve Bank of Australia Governor Glenn Stevens, The AUD strengthened against a basket of major currencies after he spoke about growing trade and closer ties with China.
European stocks traded lower today as concerns over Greece continue to weigh down on sentiment. On Sunday the Greek Prime Minister Alexis Tsipras stated that the nation would not settle with the terms of its old bailout agreement.
During early US trade, the Dollar remained supported after US jobs data on Friday showed that the number of people employed during the previous month had risen by 257,000, above the expected figure of 234,000. The positive NFP result could influence the US Federal Reserve to raise interest rates sooner than expected. Later today, FOMC member Powell will be speaking, traders will listen very closely for clues regarding future monetary policy.
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