Tag Archives: AUD
CFTC: Dollar position negative for the first time in 11 months
Money managers continued as net sellers of dollars for the fifth week in a row according to data from the CFTC covering the end of trading on August 21, which was one day ahead of the release of the dovish Federal Open Market Committee minutes from the US Federal Reserve.
European FX Daily
* Markets retrace yesterday’s gains * Singapore manufacturing weaker than expected in July
FX Daily Strategist: US
*FX to yet price QE3; EURUSD to accelerate towards 1.2700 into next week As anticipated, the FOMC minutes yesterday came in on the dovish side invigorating QE3 expectations. USD has been hurt vs. G10 FX, but more so against Asian and CEMEA FX.
FX Daily Strategist: US
Sentiment recovers as expectations of ECB response persist; USD hurt A more risk positive tone has come through today with european equities higher with financials outperforming, the catalysts being good Spain bill auctions (much lower yields) and a UK Telegraph story putting more weight behind yesterday’s story the ECB was looking to target peripheral […]
Asia today: Minutes suggest the RBA on hold; AUD a touch firmer
Asian opening levels were similar to yesterday and it took the RBA minutes to stir up some action. The minutes held few surprises from the post-meeting statement but did reinforce the notion that the RBA is in no rush to cut rates in the near-term and this lent support to the AUD. The RBA noted […]
Americas FX Daily
Risky assets open the week on a light bid What happened overnight * Spiegel reports ECB is considering imposing cap on Spanish yields * WSJ reports Spain seeks ECB commitment to unlimited bond purchases
CFTC: AUD gross long in new record; Aggregate dollar long drops
Money managers and other speculative traders continued to reduce their long dollar positions during the week ending August 14. The aggregate dollar position versus the eight IMM currency futures which we track in this report dropped to USD 4.6 billion, which is the lowest level in 11 months.
European FX Daily
* Asia FX in tight ranges * Flash PMIs key on the calendar in the euro zone this week * In the US, durable goods orders and FOMC minutes in focus
European FX Daily
* We expect modest UK retail sales growth * Turkey likely to narrow its interest rate bands * Consensus expectation is for a rebound in the Philly Fed * We recommend short EURMXN and long EURTRY positions
Asia today: USDJPY hits 4-1/2 week high as US yields extend gains
Asia was again content to mark time in currency markets with the overnight moves forcing consolidation again at lower levels.
European FX Daily
* US retail sales drive modest paring of Fed QE trades * Singapore (new report): we expect the pace of SGD appreciation to slow * Empire Fed to give a first look at August US data
Dbdaily: European Edition
HEADLINES… * Markets: EU/US equities modestly in the red on weekend comments from ECB’s Coene and as newswires report a possible challenge to the German Constitutional Court’s ESM ruling, CHN bourses also a little softer early Tuesday but most of Asia in the black.