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INSIDE AUSTRALIA: AUD Holds Loss After Sentiment Data; NZD Gains

Australia’s dollar held a loss from yesterday against most of its major peers after business confidence slipped to an eight-month low. * AUD trades at 92.77 U.S. cents from 92.70 yday, when it dropped 0.2%; pivot point 92.75; resistance at 92.96, 93.23, 93.70; support at 92.49, 92.28, 91.81 * NAB March business confidence fell to 4, lowest since July * Australia’s 10y govt bond yield falls 1bp to 4.07%, approaching 200-day ma at 4.06%; 3y yield little changed at 2.98% * AUD/USD 1-mo. implied volatility adds 6 bps to 7.49% * Australia’s 1-yr qtrly swap little changed at 2.70% * NZD gains 0.3% to 86.27 U.S. cents; pivot point 85.97; resistance at 86.21, 86.39, 86.80; support at 85.79, 85.55, 85.14 * NZ 1Q business sentiment held at the highest since June 1994

To contact the reporter on this story: Kevin Buckland in Tokyo at kbuckland1@bloomberg.net

To contact the editors responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net Pavel Alpeyev

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