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Market Movers: NOK and EUR shine against USD – TDS
FXStreet (Barcelona) - Prashant Newnaha, Strategist at TD Securities, summarizes the market performance during the Asian trade.
Key Quotes
“It is proving to be a fairly quiet end to the week here in Asia with no major regional data releases of note. The DXY fell below 98 in US trade overnight on Fed comments skewed to delaying lift off (WSJ article suggesting the same) and weak US housing data. The DXY remains below 98 in Asia, moving sideways in the absence of any leads.”
“The NOK and the EUR are the best G10 performers vs the USD, +0.15% and 0.10% respectively while the NZD and AUD are the two worst performers, down 0.10% and 0.3% respectively.”
“Very little movement in fixed income with yields unchanged to down 1 bps. No new developments in equity space.”
“China stocks are up +2%, with rail stocks leading gains, as speculation builds that authorities will add stimulus shortly. Otherwise most other indices are down today, Japan and Aus down 1%, India –0.5%.”
“Commodities are mixed. Gold and copper are unchanged, iron ore futures are +0.75% but Brent is down 0.8%.”