Halister News

(Bloomberg) -- AUD surges after RBA’s minutes from May policy meeting suggest a high bar for rate cut in June. GBP climbs after a U.K. poll shows 55% favor staying in EU; crude oil rises to six-month high, approaching $50/bbl level.

• AUD/USD +0.93% at 0.7357, vs 0.7282-0.7366 range
  • Option-related orders around 0.7360 helping cap FX pair’s gains, trader says
  • It’s worth remembering that RBA had similar timing discussion when central bank cut rates in Feb. 2015, and it subsequently lowered again in May 2015: Capital Economics
  • Iron-ore futures +0.5%, gold +0.4% and copper +0.4%
• GBP/USD +0.53% at 1.4479, vs 1.4398-1.4494 range
  • Heavy two-way flow seen after GBP/USD stops above 1.4450 triggered in early Singapore trade, traders say
  • 55% would vote for remaining in EU vs 40% voting for Brexit, ORB/Telegraph poll shows
• NZD/USD +0.27% to 0.6809 vs 0.6779-0.6841 range
  • FX pair trims early gains after 2-year inflation expectations hold near 22-year low
  • FX options expiring today include strike 0.6800 for NZ$246m: DTCC data
• USD/CAD -0.30% at 1.2856 vs 1.2845-1.2912 range
  • Brent crude futures up 0.5% to $49.19/bbl, WTI crude futures up 0.9% to $48.17/bbl
• BBDXY -0.15% at 1,184.84, vs 1,184.15-1,187.49 range
• Treasury 10-year yield little changed at 1.752%
  • Saudi Arabia’s Treasuries holdings are unveiled
• EUR/USD -0.04% at 1.1316, vs 1.1313-1.1326 range
  • ECB’s Praet, Nouy and Costa speak later today
• USD/JPY -0.09% at 108.93, vs 108.89-109.11 range
  • Japan to raise sales tax as planned unless there’s serious event, and to make decision on sales-tax increase at appropriate time, PM Abe says