Halister News

(Bloomberg) -- AUD rises to highest level in almost a week on an explosive rally for iron-ore futures in China. Most major currencies are broadly range-bound with Japan’s markets closed for a holiday today and Thanksgiving Day tomorrow.

• WTI crude futures slip 0.3% to $47.87/bbl; 10-year Treasury futures little changed at 125-23+
• AUD/USD +0.34% at 0.7427, vs 0.7399-0.7430 range
  • Aussie bought by leveraged accounts, adding to longs through the overnight high, says trader
  • 8.6% gain in Dalian iron ore futures on top of 3.3% gain yesterday cited by a few accounts as main driver
• USD/JPY -0.08% at 111.05, vs 110.95-111.17 range
  • Funds have resorted to leaving stop-loss covers above 111.50 in the case their bids under 110.50 don’t get filled: trader
  • Buy stops appearing 111.50/80 in the event of liquidity squeeze over Japan and U.S. holidays
• EUR/USD +0.00% at 1.0627, vs 1.0620-1.0635 range
  • Composite, Services PMIs in France, Germany and Euro- zone are due later today
• Click here to monitor statistically significant cross-asset market moves on developed markets

(Bloomberg) -- PBOC will step up scrutiny of attempts to evade forex control to prevent abnormal cross-border capital flows in Shanghai free-trade zone, PBOC Shanghai Head Office deputy director Zhang Xin says at a briefing in Shanghai.

• PBOC will step up crackdown on money laundering, terror financing and tax evasion, Zhang says
• PBOC seeks to boost net inflow of cross-border capital in the free-trade zone, according a PBOC Shanghai statement distributed before briefing
• NOTE: PBOC to Allow Cross-Border Private Equity Investment in FTZ Link

Economic Release Details: {POREANN Index ECOD} --WOJCIECH MOSKWA

(Bloomberg) -- Asian currencies falling amid dollar strength after media reports over weekend that Trump proposes to allocate $1t for fiscal stimulus which may cause rising inflation expectations, Gao Qi, Asia FX strategist at Scotiabank says

• Notes Indonesia central bank intervening in IDR markets last week and comments from MAS, BOK and BNM suggest they are preparing to intervene
  • Any intervention by Asian central banks is probably aimed at reducing currency volatility rather than reversing weakening direction
• MYR, SGD, KRW reaching oversold territory and any technical correction this week likely to be good opportunity to buy dollar
• Won falls 0.5% to 1,169.60 per dollar, after dropping by as much 0.8%
• Ringgit drops 0.8% to 4.3300 per dollar, after sliding as much as 1.1%, according to onshore prices

--PAUL GORDON