HALISTER1: INSIDE G-10: AUD Gains, USD Mixed; Clinton-Trump Polls Awaited

INSIDE G-10: AUD Gains, USD Mixed; Clinton-Trump Polls Awaited

(Bloomberg) -- AUD advancing on crosses ahead of Nov. 1 RBA meeting as investors wait for fresh polls later today on the tightening U.S. election race.
  • Clinton holds democrats after FBI e-mail bombshell
  • BBDXY +0.06% to 1,209.05
    • 10-year Treasury yield steady at 1.847%
    • Oil, copper both drop; gold rises
  • AUD/USD +0.16% to 0.7611 vs 0.7582-0.7614 range
  • Aussie climbs on macro positioning linked to kiwi option expiries at 0.7150. Clients see more risk event built around RBA statement than actual central bank decision: trader
  • USD/JPY +0.03% to 104.77 vs 104.27-104.94 range
  • Leveraged funds raised net JPY long by 3,956 contracts to 28,277 in week ended Oct. 25
  • Options expiring today include 104.00 strikes for $2.53b
  • NZD/USD -0.08% to 0.7157 vs 0.7138-0.7167 range
    • Kiwi recovering as N.Z. Treasury says economy growing faster than forecast
    • Slid early after ANZ October business activity index dropped to 38.4 from 42.4 in September; confidence index falls to 24.5 from 27.9
  • Options expiring today include 0.7150 strikes for NZ$466m
  • GBP/USD +0.05% to 1.2191 vs 1.2141-1.2215 range
  • BOE’s Carney has told friends he is likely to make statement this week to end speculation, ready to serve full term: FT
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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