-------------(Snapshot at 8:30 a.m./2130 GMT)------------------
FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.9175 (0.9082) 90-DAY (JUN) 95.22 (95.28) 0.6806 (0.6758) 3-YR (JUN) 94.52 (94.58) 84.81 (84.13) 10-YR (JUN) 94.155(94.18) 1.2920 (1.2837) US10-YR 3.87 (3.88)
AU$S/Term range *Support *Resistance *RSI-14 *MA-10 *MA-20
*0.8975/9330 *0.9116 *0.9200 *58.309 *0.9152 *0.9126
-----------------------------(Mar 29)---------------------------
* Australian dollar offshore trading range $0.9084-0.9180.
* Local dollar jumps in biggest one-day rally in six weeks after an Australian central bank watcher argued the Reserve Bank of Australia (RBA) is likely to lift interest rates here next week to 4.25 percent.
* Terry McCrann argued that it would be 'extraordinary' for the RBA to not lift rates next week after Glenn Stevens, the chief of RBA, appeared in a television interview on Monday to say rates had been too low and could not stay at previous levels.
* McCrann has a mixed record on calling the RBA's policy moves, but is widely followed by the market nonetheless.
* Aussie jumped as far as $0.9180, up nearly a cent from $0.9082 seen here late Monday, as speculation of more rate rises hit a pitch.
* RBA Assistant Governor Guy Debelle speaks again on Tuesday at 2200 GMT about Australia's mortgage market. Although the RBA is worried about Australia's rising property market, Debelle is expected to reiterate the bank's line that Australia's mortgage market is in a good shape.
* Debelle rarely comments about future policy moves when he speaks, and is not expected to do so on Tuesday.
* Bond futures slumped. June bill futures indicated down 0.05 points to 95.22. Three-year Australian futures indicated down 0.06 points at 94.52, and ten-year futures indicated down 0.02 points at 94.155.
* A report that Brazilian mining giant Vale has tentatively won a 90 percent price hike in its quarterly iron ore price deal with Asian steel companies also bodes well for the Australian dollar.
* Analysts are largely expecting miners to win price hikes of 80 percent, so a better outcome would bring about an even bigger terms of trade boom that economists are forecasting for Australia.
* A strong performance overnight from commodities on the back of a weaker U.S. dollar also helping Aussie at the margins.
* The CRB index jumped 2 percent, and oil prices rose almost 3 percent.
* Strong commodity prices in turn boosted shares in miners and energy companies and lifted U.S. stocks.
(Reporting by Koh Gui Qing)
((Guiqing.Koh@Reuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +61 2 9373 1821))
Keywords: MARKETS AUSTRALIA BONDS/FOREX (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Australian dollar offshore trading range $0.9084-0.9180.
* Local dollar jumps in biggest one-day rally in six weeks after an Australian central bank watcher argued the Reserve Bank of Australia (RBA) is likely to lift interest rates here next week to 4.25 percent.
* Terry McCrann argued that it would be 'extraordinary' for the RBA to not lift rates next week after Glenn Stevens, the chief of RBA, appeared in a television interview on Monday to say rates had been too low and could not stay at previous levels.
* McCrann has a mixed record on calling the RBA's policy moves, but is widely followed by the market nonetheless.
* Aussie jumped as far as $0.9180, up nearly a cent from $0.9082 seen here late Monday, as speculation of more rate rises hit a pitch.
* RBA Assistant Governor Guy Debelle speaks again on Tuesday at 2200 GMT about Australia's mortgage market. Although the RBA is worried about Australia's rising property market, Debelle is expected to reiterate the bank's line that Australia's mortgage market is in a good shape.
* Debelle rarely comments about future policy moves when he speaks, and is not expected to do so on Tuesday.
* Bond futures slumped. June bill futures indicated down 0.05 points to 95.22. Three-year Australian futures indicated down 0.06 points at 94.52, and ten-year futures indicated down 0.02 points at 94.155.
* A report that Brazilian mining giant Vale has tentatively won a 90 percent price hike in its quarterly iron ore price deal with Asian steel companies also bodes well for the Australian dollar.
* Analysts are largely expecting miners to win price hikes of 80 percent, so a better outcome would bring about an even bigger terms of trade boom that economists are forecasting for Australia.
* A strong performance overnight from commodities on the back of a weaker U.S. dollar also helping Aussie at the margins.
* The CRB index jumped 2 percent, and oil prices rose almost 3 percent.
* Strong commodity prices in turn boosted shares in miners and energy companies and lifted U.S. stocks.
(Reporting by Koh Gui Qing)
((Guiqing.Koh@Reuters.com; Reuters Messaging; guiqing.koh.reuters.com@reuters.net; +61 2 9373 1821))
Keywords: MARKETS AUSTRALIA BONDS/FOREX (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.