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GOLD

Consolidating

INDIA

RBI Looms Large

EQUITIES

Asia Markets Lower

JGBS AUCTION

PREVIEW: 10-Year JGB Supply Due

OIL

Holding Losses

JGBS

10-Year Supply Eyed After A Tight Morning

DOLLAR
DOLLAR: Fed's Clarida sticking to the cautious theme of recent Fed rhetoric,
applying very modest pressure to the USD vs. the majors in early Asia trade.
- Clarida noted that weaker-than-expected inflation means Federal Reserve
officials can afford to be patient while they wait to see whether worries over a
global slowdown and tighter financial conditions persist, adding that should
these crosswinds for the U.S. economy persist, policy should respond. Clarida
also noted that the Fed shouldn't hesitate to adjust its balance sheet roll off
if needed.
- Subsequently, Clarida stated that "it would not always be prudent to wait
until global slowdown affects the U.S. before responding with policy" in
comments carried by RTRS
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com