Halister News

(Bloomberg) -- Aussie slips; Prime Minister Turnbull brings forward Australia’s budget to May 3 and threatens to call a double-dissolution election unless the senate passes key industrial relations legislation.

• China weakens yuan fixing by most since Jan. 7; country needs to step up monetary- and fiscal-policy coordination to tackle increasing downward pressure on the economy, PBOC-run Financial News says; economy may grow more than 6.5% this year as it bottoms and gradually recovers over the next 3 years: Securities Times; Bernanke suggests less predictable yuan path for PBOC: Caixin
• Kiwi drops for second day; New Zealand consumer confidence fell to 109.6 in first quarter from 110.7 prior three months
• U.S. 10-year Treasury futures rise to 129-14 from 129-13 on March 18; data today may show existing-home sales in the world’s biggest economy decreased 2.9% in February after increasing 0.4% in prior month: Bloomberg survey
• Taiwan dollar advances; island’s export orders probably decreased 10.0% in February from year earlier following 12.4% decline in January, according to Bloomberg survey before data today
• Peso declines; Bangko Sentral ng Pilipinas reduced its net losses for 2015 to 4.3b pesos ($92m) from 10.11b pesos as it booked higher gains on foreign-exchange fluctuations, Philippine Star reports
• Onshore financial markets are closed in Japan for a public holiday