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Antipodeans Keep Lagging Behind

FOREX

Risk sentiment remains subdued as Asia digests the overnight round of hawkish central bank speak and a poor Wall Street session.

  • Antipodean currencies have come under pressure, extending Thursday's losses. NZD/USD and AUD/USD both trade through yesterday's lows, with the latter still supported by its 50-DMA.
  • The yen has been stable as Japan's CPI data matched expectations. Higher energy costs drove the acceleration in core consumer price growth to +0.8% Y/Y, a two-year high that remains far from the BoJ's +2.0% target.
  • Global PMI data will hit the wires today alongside UK & Canadian retail sales. Comments are due from ECB & BoE chiefs.
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Risk sentiment remains subdued as Asia digests the overnight round of hawkish central bank speak and a poor Wall Street session.

  • Antipodean currencies have come under pressure, extending Thursday's losses. NZD/USD and AUD/USD both trade through yesterday's lows, with the latter still supported by its 50-DMA.
  • The yen has been stable as Japan's CPI data matched expectations. Higher energy costs drove the acceleration in core consumer price growth to +0.8% Y/Y, a two-year high that remains far from the BoJ's +2.0% target.
  • Global PMI data will hit the wires today alongside UK & Canadian retail sales. Comments are due from ECB & BoE chiefs.