HALISTER1: INSIDE G-10: NZD, AUD Fall; Australia Double Dissolution Eyed

INSIDE G-10: NZD, AUD Fall; Australia Double Dissolution Eyed

(Bloomberg) -- Commodity-linked currencies NZD, AUD and CAD lead declines in subdued trading, with Japan’s markets closed for a public holiday and a short week ahead for U.S., Europe and parts of Asia due to Easter holidays.
  • Bernanke suggests less predictable yuan path for PBOC
  • NZD/USD -0.59% to 0.6764 vs 0.6751/0.6808 range
    • Selling vs AUD, JPY helping to weaken kiwi, traders say
    • Underlying NZD/JPY bids around 74.50, traders say
    • N.Z. recorded 6,070 permanent immigration in February
    • ASB now expects RBNZ to cut twice this year
    • RBNZ starts external investigation into alleged rate-cut leak
  • AUD/USD -0.32% to 0.7584 vs 0.7569/0.7620 range
    • Macro funds seen selling aussie vs USD and JPY, say traders
    • PM Turnbull brought budget forward to May 3 and threatened to call a double dissolution election unless Senate passes key industrial relations legislation
  • USD/CAD +0.46% to 1.3064 vs 1.2988/1.3071 range
    • Brent crude contract -0.7% to $40.91/bbl
  • EUR/USD +0.01% to 1.1271 vs 1.1255/1.1288 range
    • Hedge funds reduce net USD longs by most since June: CFTC
    • German tax revenue rises 5% y/y in February
  • USD/JPY -0.07% to 111.47 vs 111.22/111.69 range
    • Leveraged funds added to their net long JPY position
  • GBP/USD -0.22% to 1.4444 vs 1.4434/1.4469 range
    • Brexit could cost GBP100b, industry group report says
    • ‘Brexit’ hedges signal calm in U.K. stocks temporary as traders flee; foreign investors are pulling out
  • BBDXY +0.11% to 1,187.53
    • Goldman holds fast to dollar bullish stance, unmoved by the currency’s recent slide; predicts 3 Fed hikes in 2016
  • Treasury futures at 129-14 vs 129-13 on Friday
  • S&P 500 futures down 4 points to 2,033.60
  • Gold -0.3%; copper +0.1%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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