Back
6 Feb 2015
Risk sentiment moving higher again, pressuring the greenback - Westpac
FXStreet (Guatemala) - The Westpac Global Strategy Group noted that the US$ sagged as risk sentiment swung higher again.
Key Quotes:
"The almost daily run of central bank easings continued last night with Denmark taking the unprecedented step of cutting rates for the fourth time this year. This followed the PBoC and RBA moves earlier in the week and on our count takes the tally to 19 discrete central bank cut so far this year."
"That surely has to be some kind of record! EUR recovered from the ECB announcement early Asia that it would end the credit waver for collateral because “is currently not possible to assume a successful conclusion of the programme review”.
"Press reports noting that “ECB agreed approval to grant ELA to Greek National Central Bank of up to E60bln” helped sentiment towards the single currency. AUD continue to trade in a 0.7725/0.7825 range but spent much of then NY afternoon above 0.7800. NZD currently trades at 0.7400 and the AUD/NZD cross trades at 1.0550."
Key Quotes:
"The almost daily run of central bank easings continued last night with Denmark taking the unprecedented step of cutting rates for the fourth time this year. This followed the PBoC and RBA moves earlier in the week and on our count takes the tally to 19 discrete central bank cut so far this year."
"That surely has to be some kind of record! EUR recovered from the ECB announcement early Asia that it would end the credit waver for collateral because “is currently not possible to assume a successful conclusion of the programme review”.
"Press reports noting that “ECB agreed approval to grant ELA to Greek National Central Bank of up to E60bln” helped sentiment towards the single currency. AUD continue to trade in a 0.7725/0.7825 range but spent much of then NY afternoon above 0.7800. NZD currently trades at 0.7400 and the AUD/NZD cross trades at 1.0550."