-------------(Snapshot at 8:30 a.m./2130 GMT)------------------
FOREX (vs Late Sydney) DEBT FUTURES (Night Session) 0.9185 (0.9190) 90-DAY (JUN) 95.22 (95.23) 0.6846 (0.6807) 3-YR (JUN) 94.56 (94.55) 85.21 (84.92) 10-YR (JUN) 94.175(94.17) 1.2931 (1.2926) US10-YR 3.86 (3.87)
AU$S/Term range *Support *Resistance *RSI-14 *MA-10 *MA-20
*0.8975/9330 *0.9156 *0.9216 *59.214 *0.9150 *0.9133
-----------------------------(Mar 31)---------------------------
* Australian dollar offshore trading range $0.9172-0.9216.
* Australian dollar back up at record highs against euro after short-covering activity that led to the bounce in the last few days draws to an end.
* That is leading investors to revert to selling the common currency on concerns about the short- and long-term viability of the euro zone after Greece struggled to sell 12-year paper.
* Euro struggling at A$1.4596 after falling as far as a record low of A$1.4578. Resistance seen around A$1.4610 in the near term.
* Otherwise, local dollar steady at $0.9185 and doing well against the yen after hitting an 11-week high of 85.56, up from 84.92 seen here late Tuesday.
* The yen had taken a hit overnight after strong U.S. economic data helped the U.S. dollar to rise above 93 yen for the first time since January.
* U.S. data had showed consumer confidence rebounding in March as home prices rose in January for the eighth straight month.
* In Australia, February retail sales and building approvals data due at 0030 GMT. The two of pieces data should show consumer spending holding up as a construction boom continues, adding to the case for domestic interest rates to rise further.
* Analysts expect retail sales to have risen 0.2 percent, while building approvals rose 2.0 percent. Private credit is seen up 0.3 percent
* The market is already almost certain that the Reserve Bank of Australia will raise rates next week by 25 basis points to
4.25 percent. Investors are pricing in a 3-in
4 chance of a rate move.
* A lacklustre session from U.S. stocks overnight while commodity prices managed to defy a stronger U.S. dollar to edge higher, with the CRB index up 0.3 percent.
(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 $0.9172-0.9216.
* Australian dollar back up at record highs against euro after short-covering activity that led to the bounce in the last few days draws to an end.
* That is leading investors to revert to selling the common currency on concerns about the short- and long-term viability of the euro zone after Greece struggled to sell 12-year paper.
* Euro struggling at A$1.4596 after falling as far as a record low of A$1.4578. Resistance seen around A$1.4610 in the near term.
* Otherwise, local dollar steady at $0.9185 and doing well against the yen after hitting an 11-week high of 85.56, up from 84.92 seen here late Tuesday.
* The yen had taken a hit overnight after strong U.S. economic data helped the U.S. dollar to rise above 93 yen for the first time since January.
* U.S. data had showed consumer confidence rebounding in March as home prices rose in January for the eighth straight month.
* In Australia, February retail sales and building approvals data due at 0030 GMT. The two of pieces data should show consumer spending holding up as a construction boom continues, adding to the case for domestic interest rates to rise further.
* Analysts expect retail sales to have risen 0.2 percent, while building approvals rose 2.0 percent. Private credit is seen up 0.3 percent
* The market is already almost certain that the Reserve Bank of Australia will raise rates next week by 25 basis points to
4.25 percent. Investors are pricing in a 3-in
4 chance of a rate move.
* A lacklustre session from U.S. stocks overnight while commodity prices managed to defy a stronger U.S. dollar to edge higher, with the CRB index up 0.3 percent.
(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.