HALISTER1: INSIDE G-10: Aussie Rises; Stevens Avoids Jawboning It Lower

INSIDE G-10: Aussie Rises; Stevens Avoids Jawboning It Lower

(Bloomberg) -- Commodity-linked currencies led by AUD and CAD recover some of yesterday’s losses amid range bound trading.
  • AUD/USD +0.36% to 0.7605 vs 0.7569/0.7609 range
    • Australian economy is adjusting “quite well” to falling commodity prices, RBA’s Stevens says
    • U.S. voiced concern in 2015 on Australia’s FX statements regarding its desired direction of the exchange rate
    • EUR/AUD may fall to 1.45 before resuming uptrend: Westpac
    • 4Q house prices rose 8.7% y/y vs 8.5% estimate
    • Hedge fund MST Capital, which successfully bet against the Aussie, now bets the currency will gain versus kiwi
    • ANZ bank plans to eliminate 12 jobs in its markets division to cut costs; reductions will be across regions
  • USD/CAD -0.29% to 1.3063 vs 1.3062/1.3103 range
    • OPEC expects oil prices to rebound to a “moderate” level even if Iran doesn’t agree to freeze production
  • USD/JPY +0.11% to 112.07 vs 111.84/112.21 range
    • Macro account buying in early Asia session helped lift pair above 1112.00, triggering buy stops along the way, traders say
    • BOJ and ECB may have called a truce in FX wars, which will benefit Chinese policy makers, HSBC says
    • Japan’s All Activity Index rose 2% m/m in Jan.; est. +1.9%
  • NZD/USD -0.01% to 0.6761 vs 0.6755/0.6776 range
    • S&P affirms N.Z. credit ratings, outlook remains stable; cites monetary and fiscal flexibility, resilient economy
  • EUR/USD +0.08% to 1.1250 vs 1.1230/1.1260 range
    • Light buying from leveraged accounts lifted euro in the early Asian session, traders say
  • GBP/USD +0.06% to 1.4378 vs 1.4366/1.4387 range
    • A U.K. vote in favor of exiting EU in June will spawn the deepest market slump since Greek debt crisis, according to analysts and investors due to speak at a conference on Europe’s junk market in London on Tuesday
    • Cameron defends Osborne, attempt to heal rifts within the ruling Tory party after a weekend of splits
  • BBDXY -0.04% to 1,189.23
  • U.S. Treasury 10-year yield steady at 1.919%
  • S&P futures down 4 points to 2,039
  • Brent crude +0.2%, gold +0.1%, copper -0.3%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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