INSIDE G-10: USD/CAD Surges as Oil Output Talks Fail; Yen Gains
(Bloomberg) -- CAD falls the most among G-10 peers vs USD as oil output talks in Doha between world’s largest producers failed to agree on limiting supplies, spurring risk-off tone; JPY rises following earthquakes on Japan’s Kyushu island.
- WTI crude oil futures slide 4.5%; Nikkei 225 lead Asian equities lower, dropping 2.9%; S&P 500 futures down 0.7%
- Brazil’s Rousseff hangs by a thread after losing impeachment vote
- USD/CAD +0.99% to 1.2949 vs 1.2931-1.2985 range
- Brent crude oil futures decline 4.2%
- USD/JPY -0.66% to 108.04, vs 107.77-108.46 range
- FX pair may test 17-month low if oil prices extend slide, says Mizuho Bank
- AUD/USD -0.66% to 0.7674, vs 0.7593-0.7677 range
- Election looms as senate set for showdown on bills
- NZD/USD +0.06% to 0.6923, vs 0.6846-0.6930 range
- Kiwi on a roller-coaster ride, sliding 1.1% in early session before reversing direction as CPI isn’t “smoking gun,” for RBNZ, says ANZ
- New Zealand’s 1Q CPI rises 0.2% q/q on tobacco prices
- RBNZ’s 1Q sectoral factor model inflation rises 1.6% y/y
- BBDXY +0.11% to 1,180.08, vs 1,179.76-1,181.30 range
- Treasury 10-year yield falls 3 bps to 1.726%
- Copper futures decline; gold steady
- EUR/USD +0.03% to 1.1287, vs 1.1276-1.1319 range
- Draghi will have to ease again; Bloomberg survey
- Hollande approval rating slides, PM Valls at new low: poll
- GBP/USD -0.23% to 1.4170, vs 1.4163-1.4244 range
- U.K. poll on EU shows 45% remain, 38% leave: ComRes/Sun
- Osborne to lay out cost of Britain voting to leave EU
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