Buy the oz dollar mate! Buy the dip. Targer 0.7050
Will the RBA join the push to go higher?
Friday’s violent market moves in the wake of both the eye-poppingly strong US employment report and sharp bounce in the Services ISM survey, have extended overnight. US Treasury yields are 15bps higher at 2-years and 10bps at 10-years, US stocks are entering the last hour of NYSE trade down about half a percent and the USD is 0.6-0.7% stronger in index terms. This has seen the AUD’s recovery back to the mid-0.69s during our time zone reversed, with a new low of 0.6856, reducing its year-to-date gains to a little less than 1% though still leaving it as the best performing G10 currency so far this year. The RBA ... (full story)
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The ANZ World Commodity Price Index eased 1.0% in the first month of 2023. Movements were mixed. Meat, forestry and aluminium prices lifted, while dairy and horticulture prices ...
tweet at 6:51pm: *Japan Intervened Twice in Forex Between Oct-Dec 2022: MoF *Japan MoF Confirmed Stealth Intervention Took Place on Oct 21, 24: MoF
The euro slows its post-FOMC/ECB decline and holds steady near the 1.07 level. Todd Colvin discusses.
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Key statistics: • The seasonally adjusted balance on goods and services surplus decreased $1,238m in December. • Goods and services debits (imports) rose $445m (1.0%) driven by ...
Japan's real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses. ...
tweet at 8:12pm: Japan FinMin Suzuki: - Believe Last Year's FX Interventions Had Some Impact - Intervened Last Year To Respond To Excessive Volatility - Important for FX to Move Stably Reflecting Economic Fundamentals - Will Continue To Closely Watch Forex Market Moves tweet at 8:12pm: Japan FinMin Suzuki: - Haven't Heard Details About BoJ Nomination - Will Choose Most Appropriate Person At Time For BoJ - MoF Hasn't Approached Amamiya For Bank Of Japan Chief Position tweet at 8:15pm: Japan FinMin Suzuki: - Intervention Size Based On Situation At Time - Can't Comment Further On FX Intervention Strategy