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27 Feb 2015
Market Movers: USD gives back some of its overnight gains – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, summarizes the market performance in the Asian trade.
Key Quotes
“Bond yields were a touch higher in Australia and NZ +3-4bps in the 10s while the USD gave back some of its overnight gains, weaker against all its G10 peers."
“Sentiment with respect to the RBA is shifting towards the Bank cutting again next month, following the weak capex report yesterday”
"In contrast, Business and confidence surveys out of NZ were upbeat, that helped the NZD continue to outperform the AUD, NZD +0.2% to US$0.7545 and the AUD +0.05% to US$0.7800. The EUR is +0.15% and the CAD is +0.25% recovering somewhat after the oil price driven falls in the US session while the CNY fell to its lowest levels since Oct 2012.”
“Over in equities, most indices are up by around +0.4% in our region, while the NKY was unchanged.”
“Commodities were mostly unchanged to a touch higher.”
Key Quotes
“Bond yields were a touch higher in Australia and NZ +3-4bps in the 10s while the USD gave back some of its overnight gains, weaker against all its G10 peers."
“Sentiment with respect to the RBA is shifting towards the Bank cutting again next month, following the weak capex report yesterday”
"In contrast, Business and confidence surveys out of NZ were upbeat, that helped the NZD continue to outperform the AUD, NZD +0.2% to US$0.7545 and the AUD +0.05% to US$0.7800. The EUR is +0.15% and the CAD is +0.25% recovering somewhat after the oil price driven falls in the US session while the CNY fell to its lowest levels since Oct 2012.”
“Over in equities, most indices are up by around +0.4% in our region, while the NKY was unchanged.”
“Commodities were mostly unchanged to a touch higher.”