Halister News

(Bloomberg) -- Dollar bulls will be looking at speeches from Fed’s Fischer and Dudley that may back the case for a rate hike as soon as June following hawkish FOMC minutes overnight; AUD declines on worse-than-expected jobs data.

• Money mkts haven’t fully priced in a full Fed hike as June meeting should be 50-55% priced compared to the current 35%, Steven Englander, Citigroup head of G-10 FX strategy writes in note received today.
• WTI crude oil futures -1.4% to $47.54/bbl
• AUD/USD -0.37% to 0.7202 vs 0.7200/0.7242 range
  • Muted reaction to worse-than-expected Australian jobs figure due to light positioning ahead of data, and leveraged accounts covering some shorts, traders say
  • RBA will cut cash rate to 1% or possibly below: Macquarie
  • Iron-ore futures -2.50%, gold -0.1% and copper -0.5%
• USD/JPY -0.15% to 110.03 vs 109.93/110.27 range
  • Abe to make decision on tax hike after election: Kyodo
  • Any ’coherent’ G7 growth plan challenging though finance ministers agree on many of the risks, Canada’s Morneau says
• NZD/USD -0.12% to 0.6732 vs 0.6726/0.6765 range
  • Momentum funds added to AUD/NZD short positions, says trader
  • N.Z. ANZ April job ads rise 1.7% m/m to 39,195
• BBDXY +0.04% to 1,196.46
  • Treasury 10-year yield rises 2 bps to 1.871%
• EUR/USD +0.01% to 1.1217 vs 1.1215/1.1229 range
  • ECB’s Jazbec and Smets speak today
• GBP/USD -0.19% to 1.4571 vs 1.4571/1.4606 range
  • Options expiring today include strikes at 1.4500 for GBP589m and 1.4600 for GBP221m