Open/Wrap

Quick overview of Asian markets

  • EUR/USD opened at 1.2805 but quickly fell to 1.2765 after Moody’s announced downgrade of French bonds (not unexpected):
  • RBA minutes were slightly more dovish than expected, with line “further easing may be appropriate in the period ahead”, which could mean December or February:
  • AUD and CAD sentiment improved after IMF report formally recognised both as reserve currencies:
  • BOJ kept policy unchanged as expected:
  • China’s FDI fell by 3.5% YoY, a slight improvement on the previous reading:
  • Hang Seng +0.8%, Nikkei flat, Gold $1733/oz.

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