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Risk assets continue to struggle in Asian trade – TDS

FXStreet (Barcelona) - The TD Securities team break the key events of the Asian session today.

Key Quotes

“Risk assets continue to struggle in Asian trade following the less than impressive moves yesterday in our time zone. Latest Central Bank releases out this morning, the first from the BoJ, its minutes of the 31st Oct meeting, and the RBNZ’s Q4 Business survey, showed inflation expectations remaining muted, posing little upside risk to bond yields.”

“In FX, the Yen is the major outperformer, +0.3% to ¥117.9, but was at ¥ 118.55 when the minutes were released.”

“Otherwise the three best performers yesterday are the three worst right now, with the NZD leading the declines, -0.4% to US$0.7850, the NOK –0.3% and the AUD off 0.2% to US$0.86, but did get as low as US$0.8570.”

“Currently iron ore futures in China are down 2.5%, Brent oil futures are weaker by 0.2% to US$79.50, gold is flirting around the US$1200 level while copper futures are up 0.3%.”

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