19 Jun 2015
Market Movers: NZ FM knocks down the kiwi – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the key developments and financial market performance during the Asian trading session.
Key Quotes
“In our session, NZ Finance Minister Bill English jawboned the NZD to the day lows at US$0.6912 and is trading close to those levels right now, -0.1%. Most other G10 crosses are mildly weaker v the USD, the EUR –0.05%, Yen –0.1% while the Scandies have a mild bid. There was no data in Aus, but the AUD is down 0.4%.”
“US 10yr yields are 2 bps lower in Asia at 2.32%, ACGB 10yr yields +2bps, while the ACGB 3yrs are 3.5bps lower in yield. NZGBs are 2.5-3.5bps lower in yield.”
“Regional equities ex China are up across the board, Japan +0.9%, HK +1%, Australia +1.3%. China equities are down 2%, and 10% from the highs hit on Monday.”
“Iron ore had its worst weekly performance in two months, although +0.8% today. Gold is at US$1200oz, copper and Brent are close to unchanged.”
Key Quotes
“In our session, NZ Finance Minister Bill English jawboned the NZD to the day lows at US$0.6912 and is trading close to those levels right now, -0.1%. Most other G10 crosses are mildly weaker v the USD, the EUR –0.05%, Yen –0.1% while the Scandies have a mild bid. There was no data in Aus, but the AUD is down 0.4%.”
“US 10yr yields are 2 bps lower in Asia at 2.32%, ACGB 10yr yields +2bps, while the ACGB 3yrs are 3.5bps lower in yield. NZGBs are 2.5-3.5bps lower in yield.”
“Regional equities ex China are up across the board, Japan +0.9%, HK +1%, Australia +1.3%. China equities are down 2%, and 10% from the highs hit on Monday.”
“Iron ore had its worst weekly performance in two months, although +0.8% today. Gold is at US$1200oz, copper and Brent are close to unchanged.”