Halister News

(Bloomberg) -- Indonesia’s rupiah and Thailand’s baht advance, while South Korea’s won and Malaysia’s ringgit reverse earlier gains; sovereign bonds rise in Australia and interest-rate swaps decline in Singapore.

• Yen rallies for fourth day, hitting strongest level since October 2014; Japan’s currency chief Masatsugu Asakawa says authorities are watching for speculative moves; local markets closed for public holiday
• Ringgit weakens; Malaysia’s industrial production grew 2.7% in December from a year earlier, beating median estimate for 1.0% gain; Prime Minister Najib says he reminded ministers at first cabinet meeting of the year to spend prudently, according to official blog posting
• Baht strengthens; Bank of Thailand will manage baht volatility, governor says; central bank maintains 3.5% GDP growth forecast for 2016
• Kiwi slips versus dollar; Moody’s says it is comfortable with New Zealand’s Aaa rating, stable outlook
  • Home sales rose 4.3% in January from year earlier
  • Manufacturing index advanced to 15-month high of 57.9 in January
  • One-year ahead inflation expectations fell to 1.4% in January from 2% in October, according to Aon Hewitt quarterly economist survey
• U.S. Treasury futures rise to 131-24 from 131-16 yesterday; Fed’s Yellen says interest-rate increases might be delayed by recent financial market turmoil
• Aussie gains against dollar; Australian Prudential Regulation Authority Chairman Wayne Byres says credit spread increases are “manageable”
• Rupiah strengthens for fifth day; job cuts in Indonesia’s banking industry may continue this year, though less severe than in 2015, Jakarta Post reports; country’s growth to stabilize as economy has adapted to lower commodity prices and policy has turned more accommodative, Moody’s says
• Peso little changed; Philippine central bank will keep policy rate unchanged at 4% today, according to all 14 economists in Bloomberg survey
• Markets are still shut in China and Taiwan for public holidays; China to allow individual yuan-forex derivatives trading, Xinhua News Agency reports

CURRENCY TECHNICALS:

• Click here to see pivot point and multiple support as well as resistance points for majors/Asian currencies