Category Archives: Daily Outlook

8 Oct. NFP leaves US$ mixed, but yields higher, stocks lower. China cuts RRR by 1%. US holiday today.

  The US$ ended mixed on Friday, after a choppy session following the release of the mixed US unemployment data which saw the headline rate fall to a49-year low, while the headline NFP missed expectations although the previous month was revised higher. The headline unemployment rate dropped to 3.7% in September, down from 3.9% and beat expectation of… Read More »

3 Oct: Risk aversion sends Euro, Aud, Kiwi lower. Yen, Gold higher. Services/Composite PMIs in focus today.

  The US$ is mixed on Wednesday with the Euro again under pressure, particularly in early Europe, as Italy and the EU stepped up their argument over the Italian budget debt levels. The commodity bloc currencies, the Aud$ and Kiwi were also under heavy pressure after the RBA yesterday, although they have recovered from their European lows, while… Read More »