Loading...
Loading...
Bearish sentiment is being caused by ongoing Greek political uncertainty
Spanish Govt to tell banks to raise extra capital: Reuters sources
Japan FX reserves edge up helped by higher US Treasury prices
UK retail sales disappoint, -3.3% YoY
UK permanent job growth slows
RBNZ financial stability report says system is working quite well
IMF says SNB cap on strong CHF is appropriate for now, but should be removed if growth improves and deflation risks subside
Regional stockmarkets -1.2% on average; Gold $1595/oz; Oil $96.50/bbl
There has been quite heavy turnover today at certain times, with risk-off sentiment again dominating. The AUD has been the biggest loser, falling across the board with US momentum funds and Japanese investment funds being named as the main sellers. AUD/USD opened near 1.0110 and traded quietly until Tokyo came in and started selling AUD/JPY. Bounces have been very shallow and sentiment is bearish ahead of Chinese data tomorrow and Friday. Ranges: 1.0053/1.0116
EUR/USD has also fallen but not as heavily, as very solid bids of EUR500million+ have been popping up on the interbank trading platforms at regular intervals; EUR/JPY selling has been the main factor in filling these bids (non-Sovereign I believe). The Reuters reports that Spanish banks will be required to raise more capital sent EUR/USD below 1.3000 in early trade and its been unable to regain it since. Ranges: 1.2964/1.3005
USD/JPY has been dominated again by flows in the crosses and dealers have been happy to buy any dips, with large option related bids reported just below the market. Ranges: 79.73/93
Cable 1.6126/58; EUR/GBP .8039/51
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Markets
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in