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15 Apr 2015
Market Movers: USD firm, AUD worst performer in G10 – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the market performance during the Asian trade.
Key Quotes
“A mild defensive tone emerged after another disappointing round of US data overnight and again today with Chinese data. US 10yr yields are down close to 1.5bps in Asian trade to 1.885%, with ACGB 3yr and 10yr yields within 3bps of hitting all time lows seen last Tuesday in the hours proceeding the RBA non-rate cut.”
“The USD is firmer against the entire G10 space after coming under some pressure overnight on softer retail sales, the DXY just below 99. The AUD again is the laggard -0.45% to US$0.7590, Chinese data aiding the move lower while the NZD is unchanged at US$0.7520, the best performer vs the USD on the upbeat RBNZ speech (AUDNZD is now NZ$1.0090).”
“Equities are generally in the red, Chinese indices leading the decline, -1.1%, Australia –0.6% and Japan –0.15%.”
“Commodities are mixed. Brent is +0.9%, iron ore futures +2.9% while gold and copper are close to unchanged. All eyes on ECB and BoC later today.”
Key Quotes
“A mild defensive tone emerged after another disappointing round of US data overnight and again today with Chinese data. US 10yr yields are down close to 1.5bps in Asian trade to 1.885%, with ACGB 3yr and 10yr yields within 3bps of hitting all time lows seen last Tuesday in the hours proceeding the RBA non-rate cut.”
“The USD is firmer against the entire G10 space after coming under some pressure overnight on softer retail sales, the DXY just below 99. The AUD again is the laggard -0.45% to US$0.7590, Chinese data aiding the move lower while the NZD is unchanged at US$0.7520, the best performer vs the USD on the upbeat RBNZ speech (AUDNZD is now NZ$1.0090).”
“Equities are generally in the red, Chinese indices leading the decline, -1.1%, Australia –0.6% and Japan –0.15%.”
“Commodities are mixed. Brent is +0.9%, iron ore futures +2.9% while gold and copper are close to unchanged. All eyes on ECB and BoC later today.”