Halister News

(Bloomberg) -- Japanese yen the lone gainer among Asian currencies after talks between world’s biggest oil producers in Doha fail to reach an agreement on limiting output.

• Malaysia’s ringgit falls most, down 1.0%, followed by Aussie dollar and Korean won
• Ringgit vulnerable to risk-off sentiment, BBH currency strategist Masashi Murata says
  • Malaysia confident about reaching 4-4.5% economic growth target this year, central bank governor Zeti said over the weekend; adds that ringgit would be stronger if it accurately reflected fundamentals
• Japan’s 20-year yield falls to record low while yen, seen as a safe haven by investors, gains for second day; a second quake struck southern Japan early Saturday, measuring 7.3 magnitude; economic impact of quakes April 14-16 may be as much as 7t yen ($66b): Bloomberg Intelligence; government will take all necessary measures for disaster relief, Prime Minister Abe says
• Aussie falls after failed oil talks; “Lack of agreement from Doha has hit commodity currencies lower,” Westpac’s head of currency and commodity strategy Robert Rennie says
• Singapore dollar declines after data showed non-oil domestic exports dropped 15.6% in March from year earlier, biggest slide since February 2013; median forecast was for 12.3% decline
• Onshore and offshore yuan decline; People’s Bank of China raises reference rate for first time since Wednesday
  • New home prices, excluding affordable housing, rose on- month in March in 62 out of 70 cities tracked by China’s statistics bureau; was 47 cities in February
• Kiwi weakens versus dollar; New Zealand’s consumer prices increased 0.2% in first quarter from prior three months, more than median estimate for 0.1% increase
• Won drops; South Korea’s economy needs fundamental remedies rather than short-term stimulus, says Choi Woon Youl, lawmaker-elect for the opposition Minjoo Party; Bank of Korea meeting on April 19, see preview here
  • North Korea is ready to conduct another nuclear test at any time: South Korea Defense Ministry
• Rupee’s one-month forwards steady; India’s wholesale prices may have fallen 0.70% on-year in March following 0.91% drop prior month, according to Bloomberg survey before data today
• Taiwan dollar slips; new government is studying use of carbon emissions as measuring base for collecting commodity tax on oil, gas, cement from currently measuring by weight, Commercial Times reports
• U.S. Treasuries rise, with yield on 10-year bonds falling 2 bps to 1.729%; St. Louis Fed President Bullard says data support arguments for patience in assessing whether to lift key U.S. rate: FT; Brazil’s lower house of Congress votes in favor of Rousseff impeachment