Halister News

(Bloomberg) -- AUD rises to highest level in almost a week on an explosive rally for iron-ore futures in China. Most major currencies are broadly range-bound with Japan’s markets closed for a holiday today and Thanksgiving Day tomorrow.

• WTI crude futures slip 0.3% to $47.87/bbl; 10-year Treasury futures little changed at 125-23+
• AUD/USD +0.34% at 0.7427, vs 0.7399-0.7430 range
  • Aussie bought by leveraged accounts, adding to longs through the overnight high, says trader
  • 8.6% gain in Dalian iron ore futures on top of 3.3% gain yesterday cited by a few accounts as main driver
• USD/JPY -0.08% at 111.05, vs 110.95-111.17 range
  • Funds have resorted to leaving stop-loss covers above 111.50 in the case their bids under 110.50 don’t get filled: trader
  • Buy stops appearing 111.50/80 in the event of liquidity squeeze over Japan and U.S. holidays
• EUR/USD +0.00% at 1.0627, vs 1.0620-1.0635 range
  • Composite, Services PMIs in France, Germany and Euro- zone are due later today
• Click here to monitor statistically significant cross-asset market moves on developed markets