HALISTER1: INSIDE G-10: Dollar Rebounds From 3-Day Drop; China Stocks Sink

INSIDE G-10: Dollar Rebounds From 3-Day Drop; China Stocks Sink

(Bloomberg) -- Dollar finds some respite, climbing as Aussie and kiwi retreat from 10-month highs; Shanghai Composite index slides most in seven weeks, and may undermine European stocks, with FTSE futures down 0.4%.
  • BBDXY +0.19% to 1,171.81; Brent crude falls 2.6%, erasing all of Tuesday’s gain after Kuwaiti oil workers end strike
  • USD/JPY -0.29% to 108.89 vs 108.86/109.33 range
    • Yen supported on crosses vs AUD and NZD amid position adjustments, say traders
    • PM Abe won’t dissolve lower house, says Suga
    • BOJ’s Kuroda says “helicopter money” would contradict legal framework
  • AUD/USD -0.55% to 0.7770 vs 0.7769/0.7815 range
    • Aussie stop-loss selling accelerates as Shanghai stocks drop, says trader; now down 3.7%
    • Australia 1Q GDP growth likely slowed to 0.5% q/q: Bloomberg survey
    • March Westpac leading index falls 0.12% m/m to 96.59
  • NZD/USD -0.62% to 0.7001 vs 0.6998/0.7051 range
    • N.Z. govt steps up scrutiny of RBNZ after inflation misses
    • N.Z. 1Q GDP to expand 0.6% q/q, down from 0.5%: Bloomberg survey
  • EUR/USD steady at 1.1356 vs 1.1353/1.1374 range
    • Options expiring include 1.1300 strikes for EUR522m
  • USD/CAD +0.38% to 1.2719 vs 1.2653/1.2721 range
  • GBP/USD -0.29% to 1.4356 vs 1.4354/1.4400 range
    • Treasury 10-year yield drops 2 bps to 1.76%
    • Copper, gold fall
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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