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10 Apr 2015
Market Movers: USD firm, NZD outperforms – TDS
FXStreet (Barcelona) - Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, summarizes the market performance during the Asian trade, commenting on the FX and Yield space.
Key Quotes
“The USD was firmer again overnight, although likely due to a poor 30y auction pushing Treasury yields higher. Seemed to spill over into ACGBs as yields are 2-3bp higher across the board, with the new $A2b 2020 digested but not a barnburner. ACGB 3yrs may have reached a fresh low of 1.615% pre-RBA, but is closing the week closer to 1.76%. Aussie and Chinese data ignored as expected.”
“Second tier currencies (NZD, NOK, SEK and DKK) outperformed USD today to various degrees and this risk appetite spilled into equities, with most Asia-Pac closing the week on a high note.”
“CAD is the underperformer and we see further downside as employment later today is expected to disappoint (mkt flat, TD –10k).”
“A busy European session lies ahead for IP updates for February in several countries, CPI for NOK and Moody’s is taking another look at Turkey.”
Key Quotes
“The USD was firmer again overnight, although likely due to a poor 30y auction pushing Treasury yields higher. Seemed to spill over into ACGBs as yields are 2-3bp higher across the board, with the new $A2b 2020 digested but not a barnburner. ACGB 3yrs may have reached a fresh low of 1.615% pre-RBA, but is closing the week closer to 1.76%. Aussie and Chinese data ignored as expected.”
“Second tier currencies (NZD, NOK, SEK and DKK) outperformed USD today to various degrees and this risk appetite spilled into equities, with most Asia-Pac closing the week on a high note.”
“CAD is the underperformer and we see further downside as employment later today is expected to disappoint (mkt flat, TD –10k).”
“A busy European session lies ahead for IP updates for February in several countries, CPI for NOK and Moody’s is taking another look at Turkey.”