Free Trial
US DATA

Small Boost For Mortgages As Rates Dip Further

SONIA

SONIA FIX - 23/11/22

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

AUD/NZD Grinds Towards Cyclical Highs, Central Bank Speaker Slate Tightly Packed

FOREX

Antipodean cross AUD/NZD is the big mover, but only in relative terms, with volatility subdued in a generally quiet start to the Asia-Pac session, which sees the region mull the latest round of hawkish Fedspeak. The pair has added 18 pips to last trade at NZ$1.1435, creeping towards its recent cyclical high of NZ$1.1462. Gains for the spot rate come despite a downtick in Australia/New Zealand 2-Year swap spread in early dealing.

  • The BBDXY keeps grinding away from fresh all-time highs (1,356) lodged in NY hours, despite modest weakness in U.S. Tsy space as cash trading re-opened in Tokyo.
  • Spot USD/JPY operates ~10 pips shy of neutral levels, with the Nikkei 225 easing off this morning. Japan's benchmark stock index deals 0.5% lower at typing.
  • Australian retail sales headline the Asia-Pac data docket today, with U.S. pending home sales & flash wholesale inventories due after hours. The central bank calendar remains busy, a long list of speeches includes comments from ECB Pres Lagarde & Fed Chair Powell.
164 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Antipodean cross AUD/NZD is the big mover, but only in relative terms, with volatility subdued in a generally quiet start to the Asia-Pac session, which sees the region mull the latest round of hawkish Fedspeak. The pair has added 18 pips to last trade at NZ$1.1435, creeping towards its recent cyclical high of NZ$1.1462. Gains for the spot rate come despite a downtick in Australia/New Zealand 2-Year swap spread in early dealing.

  • The BBDXY keeps grinding away from fresh all-time highs (1,356) lodged in NY hours, despite modest weakness in U.S. Tsy space as cash trading re-opened in Tokyo.
  • Spot USD/JPY operates ~10 pips shy of neutral levels, with the Nikkei 225 easing off this morning. Japan's benchmark stock index deals 0.5% lower at typing.
  • Australian retail sales headline the Asia-Pac data docket today, with U.S. pending home sales & flash wholesale inventories due after hours. The central bank calendar remains busy, a long list of speeches includes comments from ECB Pres Lagarde & Fed Chair Powell.