Morning All
BHP +1.90%
RIO +2.15%
Another very strong day in Asia.
ASX flat waiting for next weeks rate call.
AUD broke 1.04 then pulled back(classice move in the AUD break out) in, seems just a matter of time before it heads to 1.054
Hong Kong's Hang Seng Index .HSI outperformed Asian peers with a 1.1 percent jump to a 15-month high, buoyed by strength in Chinese financials and growth-sensitive sectors.
The Hong Kong Monetary Authority stepped into the currency market during New York's Thursday trading hours to combat the local currency's persistent move to the strong end of its trading range, suggesting investors could be looking to position for a rally in Chinese equities listed in Hong Kong.
More capital inflows into Hong Kong are expected and could be a source for further strength for a year-end rally after the party congress that starts next week and might alleviate some political uncertainty in China.