30 Mar 2015
Market Movers: USD stronger in the Asian session – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, summarizes the market performance in the Asian trade, noting that with USD stronger across the board, AUD is the worst performer among G10.
Key Quotes
“The USD is stronger across the board in Asian trade (DXY +0.3%) on no real data leads. Of the G10 pack, the AUD is the worst performer, -0.45% to US$0.7725, as speculation builds that the RBA could cut rates as soon as next week as commodity prices remain under pressure.”
“Australian fixed income was bid today on this speculation, Australian bill futures are 4 ticks higher 3yrs –5bps and 10yrs –4.5bps. NZGBs trailed the ACGB moves, -2bps but did outperform UST10s, yields +1.5bps in our session to touch 1.96%.”
“Every regional equity index is in the green (except Australia –1.25%), with Chinese equities charging, +2% and India +1%.”
“Commodities are generally weaker, gold at US1195, copper futures are close to unchanged, iron ore futures –0.7% and front brent futures –0.6%.”
Key Quotes
“The USD is stronger across the board in Asian trade (DXY +0.3%) on no real data leads. Of the G10 pack, the AUD is the worst performer, -0.45% to US$0.7725, as speculation builds that the RBA could cut rates as soon as next week as commodity prices remain under pressure.”
“Australian fixed income was bid today on this speculation, Australian bill futures are 4 ticks higher 3yrs –5bps and 10yrs –4.5bps. NZGBs trailed the ACGB moves, -2bps but did outperform UST10s, yields +1.5bps in our session to touch 1.96%.”
“Every regional equity index is in the green (except Australia –1.25%), with Chinese equities charging, +2% and India +1%.”
“Commodities are generally weaker, gold at US1195, copper futures are close to unchanged, iron ore futures –0.7% and front brent futures –0.6%.”