Market wrap: DXY slightly changed despite mixed US data - Westpac

Analysts at Westpac offered a market wrap.

Key Quotes:

"Global market sentiment: The US dollar is little changed, despite most of the US economic data releases overnight disappointing. Equities gained (S&P500 +1.1%). As expected, the BoE kept policy unchanged.

Interest rates: US 10yr treasury yields are roughly unchanged at 1.71%, although there was much volatility around the data releases which resulted in a 1.66%-1.73% range). 2yr yields were also volatile and are 2bp lower at 0.74%. Market pricing of the Fed funds rate fell, implying around a 20% chance of a rate hike in September, a 60% chance by December, and 100% by August 2017.

Currencies:  The US dollar index is unchanged. EUR ranged sideways between 1.1220 and 1.1284. USD/JPY ranged sideways between 101.94 and 102.76. AUD rose from 0.7450 to 0.7523, helped by the improved risk sentiment. NZD similarly rose from 0.7240 to 0.7325. AUD/NZD ranged between 1.0250 and 1.0295."