Halister News

(Bloomberg) -- Global risk aversion theme sends investors scuttling into CHF, JPY and EUR while AUD, MXN and KRW tumbles after ABC News/Washington Post tracking poll showed Trump in lead over Clinton. Kiwi bucks trend as jobs data suggest RBNZ may be done with rate cuts after its next decision; story here

• Treasury 10-year yield down 1bp to 1.817%; S&P 500 futures falls for third day, down 0.3%
• 370 economists released a letter on Tuesday explaining why electing Donald Trump would be a mistake; see story here
• AUD/USD -0.33% to 0.7627 vs 0.7613-0.7659 range
  • Fast money turning risk-off as MXN weakens, traders say
  • AUD/JPY sold by hedge funds, banks as equities slide
• NZD/USD +0.49% to 0.7219 vs 0.7181-0.7222 range
  • Kiwi surged through overnight high, option selling at 0.7200 on release of solid 3Q employment data, trader says
  • Bank of New Zealand sees rate cut next week, but no longer in 2017 following stronger-than-expected labor market data and a spike in global dairy prices; story here
  • New Zealand 3Q unemployment rate at 4.9% vs est. 5.1%
• BBDXY falls for fourth day, down 0.01% to 1,204.60
• USD/JPY -0.36% to 103.78 vs 103.67-104.17 range
  • Selling is led by Asia-based leveraged accounts, partly in conjunction with selling of Nikkei index futures: trader
  • Trump risk, lower oil prices weigh on USD/JPY, IG Markets says
• GBP/USD little changed at 1.2239 vs 1.2221-1.2247 range
  • Hard Brexit likely given U.K., EU politics, Menon says
  • U.K. Chancellor said eyeing flexible autumn budget: 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.