AUD,NZD/EUR/USD/Open/Wrap

Quick overview of Asian markets

  • General sentiment improved again after very strong Chinese trade data over the weekend, where the trade surplus neared 4-year highs:
  • Regional stock-markets did not follow the late US Friday lead higher, with Tokyo and Seoul lower and China and HK only slightly higher:
  • EUR/USD sentiment improved after the Greek parliament passed the latest stage of austerity packages: 
  • The EU group meets today to discuss the situation with Greece but are not expected to pass the latest tranche of payments:
  • Reports of Sovereign buyers below 1.2700 also gave the EUR/USD a lift:
  • Reserve manager bids reported in AUD/USD near 1.0350 and strong buying interest also noted in cable near 1.5850/60:
  • US bond markets are closed tonight for Armistice Day but stock-markets will be open:

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