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2 Jun 2015
Market Movers: AUD outperforms post RBA policy rate decision – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the key events and financial market performance during the Asian trading session.
Key Quotes
“It is a low volatility trading session in Asia with the DXY and most G10 crosses unchanged. USDJPY traded to ¥125, the highest level since 2002, and is now back at levels as of the Asian open at ¥124.75.”
“The AUD has outperformed amongst its G10 peers,+0.7% today, after net exports added +0.5ppts to GDP vs a forecast for flat and after the RBA surprised the market and did not reintroduce an easing bias.”
“US 10yrs are unchanged, ACGB yields are up 5bps at the short end and 3 bps at the long end. NZGB short end yields are up 2.5bps, and the long end is up about 1.5bps.”
“Regional equities are in the red pretty much across the board. Japan and China are flat, the Hang Seng is –1.3%, Aus –1.4%, India –0.5%.”
“Commodities are mixed. Gold and oil are flat, but iron ore is +0.3% and copper +0.2%.”
Key Quotes
“It is a low volatility trading session in Asia with the DXY and most G10 crosses unchanged. USDJPY traded to ¥125, the highest level since 2002, and is now back at levels as of the Asian open at ¥124.75.”
“The AUD has outperformed amongst its G10 peers,+0.7% today, after net exports added +0.5ppts to GDP vs a forecast for flat and after the RBA surprised the market and did not reintroduce an easing bias.”
“US 10yrs are unchanged, ACGB yields are up 5bps at the short end and 3 bps at the long end. NZGB short end yields are up 2.5bps, and the long end is up about 1.5bps.”
“Regional equities are in the red pretty much across the board. Japan and China are flat, the Hang Seng is –1.3%, Aus –1.4%, India –0.5%.”
“Commodities are mixed. Gold and oil are flat, but iron ore is +0.3% and copper +0.2%.”