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Market wrap: disappoints over lack of fiscal policy from Trump's presser - Westpac

22:00 11 January /2017 Forex

Analysts at Westpac offered a market wrap.Key Quotes:"Global market sentiment: Trump’s eagerly awaited press conference disappointed a market wanting information about fiscal policy. The US dollar and US interest rates fell sharply in response, boosting the AUD and NZD.Interest rates: US 10yr treasury yields fell sharply after the Trump press conference, from 2.39% to 2.33%, while. 2yr yields fell from 1.20% to 1.15%. Fed funds futures shifted the next fully priced rate cut from June to July.Currencies:  The US dollar index is 0.5% lower, having risen in the leadup to the press conference and fallen sharply afterwards to a one-month low. EUR initially fell from 1.0550 to 1.0454 but then jumped to 1.0623 post-Trump. USD/JPY rose from 116.50 to 116.87 before falling to 114.26 – a one-month low. AUD rose from 0.7352 to 0.7472 post-Trump. Outperformer NZD similarly jumped from 0.6961 to 0.7088. AUD/NZD ranged sideways between 1.0530 and 1.0570."

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Wall Street slips on weak GDP, ends April with gains Eren Sengezer

Weighed by the dismal GDP growth rate in the United States, the major stock indexes of Wall Street closed the day on a negative note on Friday but recorded substantial weekly gains as the big corporations reported strong earnings throughout the week.The U.S. economy recorded an annual 0.7% growth in

00:00 29 April /2017 Forex