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20 Apr 2015
Market Movers: Commodity currencies up against the USD – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the market performance during the Asian trade, noting that USD trades mixed versus G10.
Key Quotes
“Asian markets took Friday’s steep US equity sell off, Greece’s ongoing debt drama and yesterday’s surprise PBoC 100bp cut in RRRs in its stride. ACGB and NZGB yields are higher, +4bps and 3bps respectively even with most regional equity indices weaker, except for Chinese stocks, that continue to buck the broader market direction.”
“The USD is mixed, with the NZD, CAD, AUD the top 3 G10 performers, +0.35%, followed by the Yen, +0.15%, while the Euro centric currencies—EUR, SKK, NOK and SEK are down a uniform 0-.3%.”
“Commodities are generally firmer, but the gains are modest—gold remains near US$1200, copper +0.75%, iron ore +0.25% and brent +1%.”
Key Quotes
“Asian markets took Friday’s steep US equity sell off, Greece’s ongoing debt drama and yesterday’s surprise PBoC 100bp cut in RRRs in its stride. ACGB and NZGB yields are higher, +4bps and 3bps respectively even with most regional equity indices weaker, except for Chinese stocks, that continue to buck the broader market direction.”
“The USD is mixed, with the NZD, CAD, AUD the top 3 G10 performers, +0.35%, followed by the Yen, +0.15%, while the Euro centric currencies—EUR, SKK, NOK and SEK are down a uniform 0-.3%.”
“Commodities are generally firmer, but the gains are modest—gold remains near US$1200, copper +0.75%, iron ore +0.25% and brent +1%.”