Halister News

(Bloomberg) -- Dollar rises vs Aussie, kiwi as a slew of Chinese data fails to beat expectations; WTI crude futures extend yesterday’s rally on Saudi talk of market stabilization.

• AUD/USD -0.2% to 0.7685 vs 0.7671-0.7705 range
  • Australian corporates seen selling local currency after release of worse-than-expected China factory output: trader
  • Leveraged selling ahead of data resumed immediately afterward; macro selling layered above 0.7700
• USD/JPY +0.1% to 102.01 vs 101.77-102.21 range
  • Pair rose initially on higher Japanese stocks, then faded as U.S. Treasury yields declined in Tokyo trading
  • Three charts show why dollar hedging costs are rising in Japan
  • Options expiring today include 102.50 strikes for $2.1b
  • Japanese bought net 892b yen of overseas debt last week
• BBDXY +0.1% to 1,178.70
• Treasury 10-year yield down 2 bps to 1.54%
• NZD/USD -0.2% to 0.7198 vs 0.7190-0.7227 range
  • Asst. Gov. McDermott signals RBNZ is likely to wait until Nov. for rate cut
  • N.Z. posted record population increase in year ended June
  • Retail sales surged in 2Q, led by building supplies
• EUR/USD steady at 1.1141 vs 1.1131-1.1144 range
  • Central banks seem to be ruling out negative rates, says CLSA
• GBP/USD +0.1% to 1.2974 vs 1.2950-1.2978 range
  • Gold gains, copper falls