Market wrap: Kiwi stand out loser, DXY gains, oil choppy - Westpac

Analysts at Westpac offered a market wrap.

Key Quotes:

"Global market sentiment: Sentiment remained vulnerable. EU stocks (Dax +0.74%, S&P -0.20) gave back some of the day’s rebounds after Yellen said, as we knew, that most of the FOMC expect rate hike this year. Press reports of support for Deutsche Bank were swiftly denied, but its stock rose (+4% pre-US, +2.0% on close). DB’s 5yr CDS (-15 to 232) and itraxx EU crossover (-3 to 334.7) were lower. 
WTI gyrated (OPEC kept production cap open for Nov) on mixed EIA inventory (crude fell, gas rose) but gained on the day (USD45.10/bbl, +1.00%)

Interest rates:  Quiet, stable session, but US and German 10yr yield slid again (-1bp 1.5450% and -0.1470%) as curves flattened in quiet trading. A good UK APF reverse-auction had cover of 3.35.

Currencies:  DXY gained in relatively quiet trading (+0.2%) but NZD was the stand-out loser (-0.7% at 0.7250, range 0.7233 to 0.7306). AUD/NZD rose again (1.0560, range 1.0495 to 1.0585) as AUD/USD was steady at 0.7660 (0.7645 to 0.7687 range). USD/JPY and EUR/USD steady (100.55 & 1.1295) in tight ranges."