The broad dollar following yields higher – Nomura

G10/Global US yields have moved higher with the 10y now breaking the 3.1% level.  Key Quotes: "The broad dollar has followed yields higher, while US equities have traded sideways. Meanwhile, Brent crude has broken $80 p/barrel. AUD and CAD have traded strongly, and we have seen a bounc ...

US’ Lighthizer: NAFTA talks “going nowhere” – Reuters

US trade chief Robert Lighthizer has expressed some frustration on Thursday, as reported by Reuters, as the US' self-imposed deadline for a deal on NAFTA has slipped by without anybody seeming to care, and the NAFTA renegotiations continue to drag on. Key quotes “The NAFTA countrie ...

Japan National CPI Ex Food, Energy (YoY) in line with expectations (0.4%) in April

Japan National CPI Ex-Fresh Food (YoY) below expectations (0.8%) in April: Actual (0.7%)

Japan National Consumer Price Index (YoY) below forecasts (0.7%) in April: Actual (0.6%)

Kiwi still has more room to drop – Morgan Stanley

Morgan Stanley analysts have noted that the Kiwi is still bearish, and gives some underlying reasons why the decline in the NZD could continue into the near future, explaining why they expect the NZD/USD to hit 0.66 within the next 12 months. Key quotes "There's a broad basket of highl ...

AUD/USD can’t get away from 0.75 on middling figures

Aussie heads into Friday on a sour note, technical correction already running out of gas. A clear calendar for Friday leaves markets susceptible to mood swings. The AUD/USD is trading near 0.7500 after failing to jumpstart a technical correction from five-month lows. The Aussie climbed i ...

GBP/USD: buffeted by conflicting headlines – Scotiabank

Sterling was buffeted by conflicting headlines, as explained by analysts at Scotiabank. Key Quotes: "The first suggesting that the UK would possibly stay in a customs union with the EU beyond 2021 lifted the GBP sharply to the upper 1.35s while a subsequent denial saw the GBP sell-of ...

US data reviewed – Nomura

Analysts at Nomura offered their review of the US data today that arrived upbeat and underpinned the notion for further rate hikes from the Fed this year. Key quotes: "Initial jobless claims: Initial jobless claims increased marginally by 11k to 222k in the week ending 12 May, while th ...

Key events ahead – Westpac

Analysts at Westpac noted the key events ahead. Key Quotes: "Australia’s data calendar is quiet for the next few days. Japan releases Apr national CPI data, with consensus for 0.7%yr overall, 0.4%yr ex-fresh food and energy. This is so far from the Bank of Japan’s 2% target that i ...

Performance of NZGB is firmly bid – ANZ

Analysts at ANZ explain that one clear theme over recent weeks has been the performance of NZGBs, which despite US Treasury weakness and the local swaps curve steepening, remained firmly bid.  Key Quotes: "That saw NZGBs richen on asset swap and clearly outperform on a geographic sprea ...

Peru stocks higher at close of trade; S&P Lima General up 0.64%

Investing.com – Peru stocks were higher after the close on Thursday, as gains in the Food&Beverages, Industrials and Banking&Financials sectors led shares higher. At the close in Lima, the S&P Lima General gained 0.64%. The best performers of the session on the S&P Lima General were ...