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Core Markets Tight At The Re-Open

MARKET TALK

G10 FX tight in early Asia trade after a brief bout of NZD strength around the NY close, which was likely tied to AUD/NZD flows, with the Antipodean cross showing below NZ$1.1000, before stabilising around the psychological level.

  • E-minis little changed to marginally lower after the cash S&P 500 once again threatened all-time highs on Monday, despite ever-evolving Sino-U.S. tensions, disappointing U.S. manufacturing data and questions re: the timeliness of the next round of U.S. fiscal stimulus.
  • T-Notes operating at late NY levels, away from Monday's high, with light curve flattening witnessed in the first session of the week.
  • The minutes from the RBA's August meeting headline the regional Asia-Pac docket on Tuesday, although there is little scope for the release to reveal anything like notable fresh information in the wake of the recent deluge of RBA communique. 30-Year JGB supply is also eyed.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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