21 Jan 2015
Market Movers: USD weak, down against all of its G10 peers – TDS
FXStreet (Barcelona) - The TD Securities Team shares the performance of the markets during the Asian session, noting that the FX space saw Dollar trading weakly against all of its G10 peers.
Key Quotes
“There was no common thread to tie in today’s cross asset moves. The USD is weaker today, down against all its G 10 peers. There was no real catalyst for the move. The USD was softer from the open, and the BoJ’s more optimistic forecasts saw the USD give back further ground.”
“The ¥ is now up 1% on the day to ¥117.70, the AUD is up 0.5% at US$0.8215, nearer to 1 month highs while the NZD is +0.3% but is nearer to the range lows at US$0.7660, with the better dairy auction overshadowed by the lower than expected NZ CPI read.”
“ACGBs have rallied today, no doubt with the street speculating that Q4 CPI in Aus will surprise to the downside as well. ACGB 3yrs –3.5bps, 10yrs –6bps and NZGBs -5bps lower across the curve.“
“Equities across the region are faring well, Chinese stocks adding 3.6%, ASX +1.6%, but Japanese stocks are down 0.5% due to the ¥ rally.”
“The weaker USD and impending ECB announcement saw gold break above US$1300 for the first time since August, Brent crude is +0.85% to US$48.40/lb, with iron ore and copper futures off smalls.”
Key Quotes
“There was no common thread to tie in today’s cross asset moves. The USD is weaker today, down against all its G 10 peers. There was no real catalyst for the move. The USD was softer from the open, and the BoJ’s more optimistic forecasts saw the USD give back further ground.”
“The ¥ is now up 1% on the day to ¥117.70, the AUD is up 0.5% at US$0.8215, nearer to 1 month highs while the NZD is +0.3% but is nearer to the range lows at US$0.7660, with the better dairy auction overshadowed by the lower than expected NZ CPI read.”
“ACGBs have rallied today, no doubt with the street speculating that Q4 CPI in Aus will surprise to the downside as well. ACGB 3yrs –3.5bps, 10yrs –6bps and NZGBs -5bps lower across the curve.“
“Equities across the region are faring well, Chinese stocks adding 3.6%, ASX +1.6%, but Japanese stocks are down 0.5% due to the ¥ rally.”
“The weaker USD and impending ECB announcement saw gold break above US$1300 for the first time since August, Brent crude is +0.85% to US$48.40/lb, with iron ore and copper futures off smalls.”