FX Strategy 09 Nov 18 

JPY and CHF are the top G10 FX gainers today, up 0.15% and -0.19% vs the dollar while NOK and SEK are the top losers, down -0.7% and -0.45% vs the dollar. The USD rallied on a hawkish Fed; the Federal reserve reaffirmed its monetary policy stance and prepared investor for a December rate hike. In the Asian equities space, the Nikkei 225 closed down -1.05% at 22,250.25, Hang Seng closed -2.39% at 25601.92 and Kospi ended -0.31% at 2086.09. The European equities had a similar story with the FTSE down -0.53% at 7102.54, DAX down -0.67% at 11450.0, and CAC down -0.8% at 5090.42. In the rates market, global yields were trading weaker; the US 10-year yield was trading at 3.2077% and the Bund 10-year yield trading at 0.433%. In the energy space, the Brent (front month) is trading down (-0.64%) for the day at $70.20.