Tues Mar 18th 2014 AUD/ASIA Strategy Update (i) Quiet session after initial Wall st led rally to 5360 closed +0.5% 5344.60. BHP bounced further +1.7%, RIO +0.9% vs banks +0.5%. $A rejected > 0.9100 3rd time in Mar now 0.9070. RBA minutes $A still hi (ii) Nikkei volatile agn +0.9% 14411.77 YEN flat 101.86 (iii) China SSEC +0.2% 2027.32 on more rumours of debt default by property developers & Yuan under new 2% band fell to 2014 lows 6.183 (iv) Putin talking about union with Crimea going ahead on Europe open So far soft response by EU/USD & EURO still near 2yr hi 1.3926. Ger ZEW 9.00pm Syd US CPI 11.30pm - for business strategy solutions please contact [email protected]
Posted on: Tue, 18 Mar 2014 07:15:32 +0000
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