The Daily View – 24. April 2018

  • The US Dollar Index initially rose during Asian hours, however changed course due to Australia Q1 CPI data. Headline AUD CPI numbers came in slightly lower, but very much in line with expectations. AUD had a quick drop towards 0.7575, but profit-taking lead the way back towards where we left yesterday. The biggest winner in this environment has been AUDNZD. The cross finally broke through 1.0670 and is now testing 1.0700 and 1.0750 soon
  • USDJPY, a noted gainer overnight, traded within 108.67/87 range amid subdued flows. Recovery in Nikkei towards the afternoon session had little impact
  • U.S. stock-index futures rose, while the dollar and Treasuries were mostly steady after 10-year bond yields came within a hair of 3%
  • Tokyo shares climbed on a weaker yen, while Chinese and Hong Kong stocks also gained
  • Aluminum continued its plunge after the U.S. softened its position on Rusal
  • Brent rose for a sixth day
  • Gold was marginally higher