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26 Feb 2015
Market Movers: ACGBs outperform, USD mixed in the Asian trade – TDS
FXStreet (Barcelona) - Prashant Newnaha, Asia-Pacific Macro Strategist at TD Securities, summarizes the market performance during the Asian trading session, mentioning that ACGBs outperformed, and NZD came out as the best performing currency in the FX space.
Key Quotes
“There were no new overnight developments. Fed Chair Yellen repeated her testimony to Congress, Dragi testified to the EU parliament and the Greek Finance Minister stated debt restructuring discussions were to begin immediately.”
“Given the dovish Fed slant, yields on bonds opened a touch lower and the USD was mixed on the open, remaining so for the rest of the day.”
“NZ data released this morning was generally positive, in contrast to the weak Australian capex report.”
“ACGBs outperformed, the 3yrs down -6bps, the 10yrs -8bps, outpacing the NZGBs, yields falling 3bps.”
“In FX, the AUDNZD moved the most, with the NZD the best G10 performer today +0.2% while the AUD is the worst –0.45%. The cross is currently at NZ$1.0375. Otherwise, the Euro is +0.05%, CAD +0.1% while the CHF and ¥ are 0.1% weaker.”
“Most equity indices are stronger, led by China +1.1%, Japan +0.9% and the Hang Seng +0.3%, but Australian stocks closed 0.6% lower and India is off a touch 0.3%."
“Gold is at US$1210, copper and iron ore futures are up smalls, but brent crude is 0.5% weaker.”
Key Quotes
“There were no new overnight developments. Fed Chair Yellen repeated her testimony to Congress, Dragi testified to the EU parliament and the Greek Finance Minister stated debt restructuring discussions were to begin immediately.”
“Given the dovish Fed slant, yields on bonds opened a touch lower and the USD was mixed on the open, remaining so for the rest of the day.”
“NZ data released this morning was generally positive, in contrast to the weak Australian capex report.”
“ACGBs outperformed, the 3yrs down -6bps, the 10yrs -8bps, outpacing the NZGBs, yields falling 3bps.”
“In FX, the AUDNZD moved the most, with the NZD the best G10 performer today +0.2% while the AUD is the worst –0.45%. The cross is currently at NZ$1.0375. Otherwise, the Euro is +0.05%, CAD +0.1% while the CHF and ¥ are 0.1% weaker.”
“Most equity indices are stronger, led by China +1.1%, Japan +0.9% and the Hang Seng +0.3%, but Australian stocks closed 0.6% lower and India is off a touch 0.3%."
“Gold is at US$1210, copper and iron ore futures are up smalls, but brent crude is 0.5% weaker.”