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3 Mar 2015
Market Movers: USD soft, AUD rises post RBA’s decision - TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities summarizes the market performance in the Asian Trade, noting that AUD rallied to 0.7842 after RBA kept rates steady in today’s meeting.
Key Quotes
“The USD is weaker against all its G10 peers, thanks to comments from the PM’s advisor and the stellar rise in the AUD after the RBA decided to keep rates on hold at 2.25%.”
“The AUD is currently +0.9% at US$0.7835, just shy of the daily high seen at US$0.7842. The NZD followed on the back of the AUD run, +0.50% to US$0.7545 while the Yen is +0.4% at ¥119.60.”
“ACGB yields are up a uniform 5.5bps across the curve, whilst USTs are unchanged as are NZGB yields.”
“Despite continued gains in US equities, most Asian equity indices are unchanged to down smalls, the exception China related stocks, down 1.5%. Commodities again are mixed.”
“Copper futures are off 0.8%, iron ore futures are by the same amount. Gold is +0.4% just above US$1210 and brent futures are recovering from the overnight falls,+1.75%.”
Key Quotes
“The USD is weaker against all its G10 peers, thanks to comments from the PM’s advisor and the stellar rise in the AUD after the RBA decided to keep rates on hold at 2.25%.”
“The AUD is currently +0.9% at US$0.7835, just shy of the daily high seen at US$0.7842. The NZD followed on the back of the AUD run, +0.50% to US$0.7545 while the Yen is +0.4% at ¥119.60.”
“ACGB yields are up a uniform 5.5bps across the curve, whilst USTs are unchanged as are NZGB yields.”
“Despite continued gains in US equities, most Asian equity indices are unchanged to down smalls, the exception China related stocks, down 1.5%. Commodities again are mixed.”
“Copper futures are off 0.8%, iron ore futures are by the same amount. Gold is +0.4% just above US$1210 and brent futures are recovering from the overnight falls,+1.75%.”