RBA Stevens sees no problem with Australian banks raising rates independently of the RBA
RBA's Lowe expects business investment to rise by 10% this year and next
Japan's CSPI -o.2% YoY
Moody's: Japan has not reached point where negative developments warrant downgrade
UK private sector wages show modest increase
Former BOE member Andrew Sentance expects weak growth to be the normal for next 5 years
Kevin Rudd confirms that he will challenge for the Australian PM job on Monday
Regional stocks +0.25% on average
Gold $1780/oz; Oil $108.50/bbl
The AUD has again been the main mover, although these movements have been very small. AUD/USD closed in NY near 1.0720, posted a low early in the session and then rallied on the various comments mentioned above from RBA members. EUR/AUD selling towards 1.2500 also helped Aussie sentiment. Ranges: 1.0709/55
EUR/USD traded in a very quiet range between 1.0763/79 and the Asian market showed no interest whatsoever ahead of a G20 weekend.
USD/JPY opened below 80.00 but talk of Sovereign buying interest 'somewhere' on the 79 handle did help bullish momentum. Barriers at 80.50 are expected to be tough to breach. Ranges: 79.89/80.32
Cable 1.5736/53; EUR/CHF 1.2046/59
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