紧随欧洲和美国市场的稳定表现，亚洲市场风险偏好有所企稳。由于有报道称俄罗斯和乌克兰外长在柏林的会谈已经取得了一些积极进展，市场情绪有所改善。此外，伊拉克和库尔德武装从ISIS手中重新夺回摩苏尔水坝控制权，同时以色列和巴勒斯坦同意将停火协定延长一天。亚洲区域股指方面，日经指数上涨0.83%、恒生指数和上证综指分别下跌0.09%和0.31%；其他亚洲股指均表现积极（台湾Taiex指数在经历昨天的大幅下滑之后上涨1.12%）。积极情绪传导至外汇市场，形成了较为强劲的基本面（NAHB房屋市场指数出现上涨），推动美元兑10国集团和较低收益货币全面上扬。欧元兑美元小幅下跌10个点至1.3350，美元兑日元围绕102.60的手柄反弹。在地缘政治发展之外，唯一的市场驱动经济消息来自于澳大利亚，澳洲联储会议纪要不如市场预测般的那样温和，导致澳元兑美元螺旋走高。然而，澳元兑美元上行至0.9343的市场高位，主要原因是空头回补，但此后又迅速出现逆转。澳元兑纽元挑战1.1095障碍以失败告终，导致多头迅速退出短期多头头寸。亚洲新兴市场货币兑美元表现不一，美元已经不再仅仅是避险或融资货币，但却受益于其自身的上行前景。　　

利率将在一段时期内保持稳定　　

在亚洲市场开始后，澳洲联储释放了其会议纪要，其温和程度略微低于市场此前的定位。与会成员认为，在一段时期维持利率稳定将是明智之举，同时还指出在经济增长和通货膨胀前景上存在“重大不确定性”。有成员指出，澳元维持在较高历史标准将会对经济增长提供较低的支撑。在通货膨胀方面，上季度趋势表现高于预期，但国内通货膨胀压力仍旧与目标一致。在这一点上，未来进行额外利率消减的可能性似乎不大。　　

关键事件　　

计划于今天释放的关键事件有英国CPI、美国CPI和房屋开工等数据。预计英国CPI将会小幅下滑，6月环比增长0.2%、同比增长1.9%，而7月为环比下跌0.2%、同比增长1.8%。在美国，关键季节驱动因数导致汽油价格走软，这应该会限制标题CPI的变化在0.1%，而核心CPI预期会在0.2%；而美国7月房屋开工应该会从6月的89.3万反弹至96.5万。　　

Risk appetite stabilized in Asia,following a solid performance from European and US markets.Sentiment improved as reports that Russia and Ukraine foreign ministers had made some positive steps in talks in Berlin.In addition,Iraqi and Kurdish forces regained the Mosul Dam from IS and Israel and the Palestinians agreed to lengthen their cease-fire truce by one-day.The Nikkei rose 0.83%,Hang Seng&Shanghai fell-0.09%and-0.31%respectively.Yet the rest of Asians regional equity indices were positive(Taiwan’s Taiex index rose 1.12%after a big fall yesterday).The positive sentiment carried over into FX,were stronger fundamentals(NAHB housing market index rose)helped USD gain in the G10 and verse low-yielding currencies.EURUSD dipped a marginal 10pip to 1.3350 and USDJPY bounced around the 102.60 handle.Outside of geopolitical developments,the only market driving economic news was out of Australia.The RBA minutes were less dovish then the markets had anticipated which allowed AUDUSD to grind higher.However,the AUDUSD move to 0.9343 session high was primarily short-covering and quickly reversed.AUDNZD was unable to challenge the 1.1095 barrier,and rejected bulls quickly exited short-term spec longs.EM Asia currencies are mixed against the USD,the greenback is no longer just a risk-off or funding currency but benefiting from its own forward outlook.　　

Period of rate stability　　

The RBA minutes were release in Asia and proved slightly less dovish then the market was position for.Members agreed that the sensible course would be for a period of stability for policy rates while noting that“significant degree of uncertainty”existing around the growth and inflation forecasts.Members noted that the AUD remained high by historical standards,offering little support for the weak economy.In regards to prices,inflation trend was higher than expected in the past quarter yet domestic inflationary pressures were still consistent with target.At this point there seems little probably that additional rate cuts are coming.　　

Key Events　　

The key scheduled events today,will be UK CPI inflation,US CPI and Housing starts.UK CPI inflation to slip marginally from 0.2%m/m and 1.9%y/y in June to-0.2%m/m and 1.8%y/y in July.In the US,softer gasoline prices in the key driving season should limit headline CPI change at 0.1%,while core is anticipated at 0.2%.US Housing start should rebound to 965K in July housing starts from June’s 893K.