Market wrap: US dollar staged minor rebound - Westpac

Analysts at Westpac offered a market wrap.

Key Quotes:

"Global market sentiment: The US dollar staged a minor rebound overnight amid little news flow of market interest. Next week’s FOMC meeting is the main focus.

Interest rates: US 10yr treasury yields were stuck in a narrow sideways rage of 2.38%-2.40%, as was the 2yr yield in 1.11%-1.13%. Fed funds futures continue to imply a 100% chance of a rate hike on 14 December, with two more rate hikes priced in for 2017.

Currencies:  The US dollar index is 0.3% higher. EUR fell from a two week high of 1.0796 to 1.0698. USD/JPY was stable between 113.67 and 114.19. AUD initially fell to 0.7431 but rebounded to 0.7465. Underperformer NZD fell from 0.7160 to 0.7103. AUD/NZD rose from 1.0420 to 1.0485, despite the GDT dairy auction posting a 4% gain."