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Antipodean FX have landed at the bottom of....>

FOREX
FOREX: Antipodean FX have landed at the bottom of the G10 pile after APRA
released a strengthened prudential standard to limit contagion risk within
banking groups. In response, ANZ noted that they may be required to retain a
larger portion of their earnings and that the Bank may have limited capacity to
inject capital into its NZ entity.
- Light risk-off flows have been noted on these headlines, with a source
pointing to AUD/USD selling from a U.S. name. AUD/JPY briefly showed below
Y72.00 before retaking the round figure. The broader high-beta FX space has been
under modest pressure, with CAD & NOK struggling somewhat.
- South Korean FinMin said that authorities are ready to intervene to stabilise
the FX market if needed.
- Other than that, the session has been relatively tranquil so far, with
regional docket very thin today & major crosses operating within tight ranges.
- Today's economic calendar features RBA Aug MonPol meeting minutes, Canadian
m'fing sales and German PPI. Fed's Daly and Quarles, as well as Riksbank's
Jochnick are set to speak.
Energy BulletsCommodities
Energy BulletsCommodities

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