Halister News

(Bloomberg) -- Indonesia’s rupiah and South Korea’s won lead most Asian currencies higher; sovereign bonds decline in Australia while interest rate swaps rise in China.

• Won rises after two weekly losses; South Korea may revise capital flow control measures, ease currency forward cap, Seoul Economic Daily reports
• Yen snaps two-day gain against dollar; Nikkei Japan flash manufacturing PMI at 50.2 in February, lowest in eight months and below median estimate of 52.0
  • BOJ was wrong to adopt negative interest rates this year, banker turned opposition lawmaker Takeshi Fujimaki says
  • Japanese stocks rise, reversing earlier losses
• U.S. Treasuries slide, with yield on 10-year bonds rising 2 bps to 1.762% in Asian trading; data today should show preliminary Markit U.S. manufacturing PMI rose to 52.5 in February, highest in three months, according to median estimate in Bloomberg survey
• China raises yuan reference rate; Xiao Gang, head of securities regulator, has been removed from post and replaced by Liu Shiyu, former chairman of Agricultural Bank of China; nation needs RRR cut in medium-term: Economic Information Daily
• Aussie snaps two-day drop against dollar; Australia’s bank bill swap rate benchmark threatened by lack of trades: RBA Assistant Governor Debelle
• Rupiah advances for third day; Bank Indonesia to boost proportion of derivatives to 36%-42% of total FX transactions in 2016 from 35% last year, says Edi Susianto, director of financial market deepening program
• Ringgit bucks regional gains; Malaysia to report foreign reserves data for first two weeks of Feb.; rose to $95.5b as of Jan. 29, highest since July 31; nation freezes recruitment of foreign workers after protests
• Peso steady; Philippine fiscal position is better than before elections six and 18 year ago: Finance Secretary Purisima
• Thai financial markets closed for holiday

CURRENCY TECHNICALS:

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