Region: Asia Pacific

USD lower on CPI drop. Kiwi hit after RBNZ rate cut, Aussie also lower. China data drop due.

US PPI drop sparks stockmarket rally. RBNZ could spark NZD volatility. USD risks with CPI expected to fall.

Oil surge supports Aussie. EUR resilience waning? SGD mildly negative, support seen at 1.3200.

FX markets turn calm after volatile week. Aussie, kiwi’s rallies might be short lived. RBNZ, US CPI key.

Written by Steven Dooley, Head of Market Insights, and Shier Lee Lim, Lead FX and Macro Strategist Aussie outperforms overnight Global markets jumped higher overnight after a better-than-expected reading from the US’s weekly unemployment claims report saw US sharemarkets gain. The S&P 500 gained 2.3% while the tech-focused Nasdaq jumped 3.1%. The weekly unemployment claims…

All eyes on USD/JPY as shares reverses lower. GBP weakening after BoE. INR at all-time lows ahead of RBI policy meeting.