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FOREX-Aussie, kiwi stream higher than Yellen sounds wary

collected by :kiven Dixter

FOREX-Aussie, kiwi stream higher than Yellen sounds wary U.S. 10-year interest rates are 4 times – or almost 2 full percentage points – higher than those in Germany.
For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Writing by Patrick Graham; Editing by Toby Chopra)
“The focus is shifting to these more risky trades,” said John Hardy, head of FX Strategy at Saxo Bank in London.
But it steadied in the European morning, trading flat against the basket at 95.727 and 0.1 percent higher against the euro at $1.1402.
But share prices were broadly higher across Europe and Asia, driving more gains for commodity-linked currencies like the Aussie and kiwi seen as most closely connected to appetite for risk on financial markets and rising asset prices.

according to

FOREX-Aussie, kiwi jet more then Yellen sounds cautious

Yellen sounded a cautious note on inflation going forward, putting the focus on U.S. consumer price index (CPI) numbers due on Friday.
By 0740 GMT, the dollar index was trading 0.2 percent lower at 95.588, having hit an 8-month low of 95.464.
U.S. 10-year interest rates are 4 times – or almost 2 full percentage points – higher than those in Germany.
The currency was steadier in early deals in Europe but still another quarter of a percent lower since the end of U.S. trading on Wednesday.
Against the basket of currencies that measures its broader strength, the U.S. dollar fell back to its lowest since last October in Asian trading, undoing all of a recovery last week driven by generally higher global bond yields.
FOREX-Aussie

according to

FOREX-Aussie, kiwi jet more, Americian dollar recearches

 

U.S. 10-year interest rates are 4 times – or almost 2 full percentage points – higher than those in Germany.
For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Writing by Patrick Graham; Editing by Toby Chopra)
“The focus is shifting to these more risky trades,” said John Hardy, head of FX Strategy at Saxo Bank in London.
But it steadied in the European morning, trading flat against the basket at 95.727 and 0.1 percent higher against the euro at $1.1402.
But share prices were broadly higher across Europe and Asia, driving more gains for commodity-linked currencies like the Aussie and kiwi seen as most closely connected to appetite for risk on financial markets and rising asset prices.

 

 

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