A piece from the Nikkei:
- Delivery companies facing higher wage costs
- Seeing a surge in deliveries
- Hiring more workers
- But struggling to charge more to cover rising labor costs
I think I read it right.
Check this out its the yield spread between Australian 10 year bonds and US 10 year bonds (notes)
The graph is via Westpac:
They say: "10yr yield spread hitting lows last seen in March 2001 when the A$ was trading at 0.5020!"
China is closed for a holiday today
- Its the Dragon Boat Festival (Tuen Ng Festival)
It's a pretty big deal this festival ... China is on Holiday Tuesday as well as today. Hong Kong will be on holiday on Tuesday for its Dragon boat Festival
A weekend piece in Japan's Nikkei, on a survey of business conducted by the media group
- The survey found that Japanese corporations will boost total capital expenditures by 13.6% in the current fiscal year
The piece goes on:
This from Westpac morning note today, a good summary of the inouts on the AUD and a view on where its going
AUD/USD 1-3 month:
On Friday I posted a heads up to the Q1 GDP-related data coming up over the next couple of weeks: --
Actually, that headline should just read "Sturgeon wants an independence referendum"
Moving along ...
- Scotland's First Minister Nicola Sturgeon said on Sunday that if the Scottish National Party wins the most seats in Scotland at a June 8 election, Prime Minister Theresa May's refusal to agree to a second independence referendum will be unsustainable,
(The SNP won 56 of parliament's 59 Scottish seats at the last election in 2015)
ZAR is higher - Talk out of South Africa is the attempt to remove Zuma has failed
South African President Jacob Zuma is under pressure to resign
- Members of his ruling party asked its national executive committee of the African National Congress to order him to step down
more to come
Matteo Renzi is leader of the ruling center-left Democratic Party (PD) and prior PM. He spoke with newspaper Il Messaggero over the weekend.
Said Italy's next election should be held at the same time as Germany's
New Zealand, Australia, Japan, China - no economic data releases due from any
Perhaps its just as well with the Monday holidays in the UK and US.
What we do have a Federal Reserve speaker - John Williams, president of the Federal Reserve Bank of San Francisco.
Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week.
As is usual for a Monday morning, market liquidity is very thin ... prices are liable to swing around on not too much at all, so take care out there. Liquidity improves as more Asian centres come on onlinePrice guide: