Aussie buoyant near 25-yr peaks vs USD, bonds rise
--------------(Snapshot at 8:10 a.m./2210 GMT)------------------ FOREX (vs Late Sydney) DEBT FUTURES (Night Session) AUD= 0.9623 (0.9601) 90-DAY YBAc1 (SEP) 92.140(92.120) AUDEUR=R 0.6056 (0.6067) 3-YR YTTc1 (SEP) 93.200(93.170) AUDJPY=R 101.81 (101.63) 10-YR YTCc1 (SEP) 93.465(93.435) AUDNZD=R 1.2652 (1.2641) US 10-YR US10YT=RR 3.96 (3.99) ---------------------------------------------------------------- AU$S/Term range *Support *Restance *RSI-14 *MA-10 *MA-20 *0.9330/9670 *0.9450 *0.9670 *58.889 *0.9575 *0.9517 --------------------------(July 3)------------------------------
* Australian dollar's offshore range roughly $0.9582/$0.9651.
* The Aussie advanced to close to 25-year highs against a U.S. dollar that had fallen on a report showing the U.S. private sector shed more jobs than expected in June, reducing the chances of a rate hike by the Federal Reserve.
* U.S. private-sector employers cut 79,000 jobs in June, the largest drop since November 2002, compared with a Reuters forecast which expected a 20,000 drop in non-farm jobs. [ID:nN02348677].
* Also helping the Aussie's rise were surging commodity prices. The CRB commodities index .CRB jumped 1.27 percent to 473.52 points on Wednesday, helped by record oil [O/R] and copper prices. [MET/L]
* But falling stock markets capped gains in the high-yielding Aussie. Stocks on Wall Street fell on the weak jobs report and led investors to stay clear of risky carry trades. The Aussie eased from a high of 102.40 yen to 101.80 yen AUDJPY=R.
* Australia's May trade deficit numbers will be released on Thursday. A Reuters poll showed market forecasts centred on a trade deficit of A$900 million ($865 million), seasonally adjusted. Estimates ranged from a deficit of A$1.89 billion to a surplus of A$1.5 billion.
* Australian bonds were firmer, taking their cue from a rise in U.S. Treasuries after the weak jobs data, with falling stocks also prompting a movement of funds into safe-haven assets.
Three-year bond futures YTTc1 were indicated 0.03 points higher at 93.20 while the 10-year bond contract YTCc1 rose by 0.035 points to 93.465. (Reporting by Anirban Nag; Editing by Jonathan Standing)
© Thomson Reuters 2009 All rights reserved
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