Shares 113 Views
Uncategorized

Market wrap: US payrolls and dollar mixed – Westpac

Analysts at Westpac offered a market wrap for last week’s closing US session that featured the mixed nonfarm payrolls event.

Key Quotes:

“Global market sentiment: US payrolls data was mixed, with US fx and rates markets responding mostly to the weak wage growth story. Later on, Fed officials Evans and Williams saw three rate hikes this year as possible, causing a rebound in US yields and the USD.

Interest rates: US 10yr treasury yields fell from 2.50% to 2.42% following the payrolls data, but started recovering a few hours later towards 2.50% after Evans and Williams spoke. They closed at 2.47%.

Currencies:  

The US dollar index fell after the payrolls data but partly recovered thereafter to close up 0.1% on the day. EUR rose from 1.0728 to 1.0802. USD/JPY fell from 113.20 to 112.32. AUD rose from around 0.7640 to 0.7695 before consolidating. NZD similarly rose from 0.7260 to 0.7331 and consolidated. AUD/NZD ranged between 1.0485 and 1.0530.”

You may be interested

shares13 views

Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor

Brian Evans - Oct 08, 2018

About the Author: Jaron Lukasiewicz is the CEO and founder of Influential Capital. Jaron has been an executive in the industry since 2012, previously serving as CEO of Coinsetter, one…

shares18 views

World Economic Forum: Blockchains improve Global Economy

Brian Evans - Oct 08, 2018

Beginning as a technology for financial ledgers only, blockchains have grown to become the corporate hype word around the globe. It’s touted as the invention that will…

shares24 views

‘Rehypothecation’: More about the Wall Street Practice that Could Ruin Bitcoin

Brian Evans - Oct 08, 2018

Note: This is part 4 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews…

Most from this category

%d bloggers like this: