Halister News

(Bloomberg) -- USD encountered broad-based selling amid thin liquidity as futures market pricing suggests Fed won’t raise rates this year.

• USD/JPY -0.63% to 101.24 vs 101.16-101.95 range
  • A sudden drop in USD/JPY sparked leveraged-account selling of dollars vs major currencies, trader says
  • “Markets don’t sense any urgency for the Fed to move,” says Sean Callow at Westpac. “It’s definitely a headwind for USD”
  • Fed’s Sept. 20-21 meeting may “prove to be the last shot” for rate hike through 2017, says MFR
  • Japan’s economy will expand 0.8% in 2Q, Bloomberg survey
  • June core machine orders rise 8.3% m/m vs est. +3.2%
• NZD/USD +0.68% to 0.7215 vs 0.7159-0.7223 range
  • Kiwi challenges 1-week high ahead of tomorrow’s RBNZ decision, with investors focused on guidance; analysis here
• AUD/USD +0.34% to 0.7699 vs 0.7662-0.7707 range
  • RBA Stevens says monetary policy alone won’t deliver strong growth
  • Buy stop-losses seen above 3-month high at 0.7719: trader
• BBDXY -0.41% at 1,177.39
• 10-yr Treasury yield down 1 bp to 1.533%
• GBP/USD +0.52% to 1.3071 vs 1.2995-1.3090 range
  • BOE failed to buy enough gilts within its QE program
• EUR/USD +0.30% at 1.1150 vs 1.1113-1.1156 range
  • Options expiring include 1.1200 strikes for EUR648m
• USD/CAD -0.39% to 1.3068 vs 1.3052-1.3124 range
  • Options expiring include 1.3065 strikes for $410m
• WTI, Brent crude futures mixed; gold, copper both gain