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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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A major setback for the Trump trade - ANZ Ross J Burland

Analysts at ANZ explained that the failure of Donald Trump’s replacement healthcare bill to make it through congress will be viewed by the market as a major setback for the ‘Trump trade’ (although market moves late on Friday were a little surprising). Key Quotes:"But perhaps a far m

03:46 27 March /2017 Forex

BOJ Summary of Opinions – Appropriate to pursue powerful monetary easing Omkar Godbole

Bank of Japan (BOJ) Summary of Opinions at the policy meeting on March 15 and 16, 2017 released this Monday morning says it is appropriate for the bank to pursue powerful monetary easing under the current guideline for market operations as there is still a long way to go to achieve the 2% inflation

03:23 27 March /2017 Forex