More action has been evident in crosses than AUD/USD so far this morning. This pair got dragged closer to 0.6520 in early trade, as GBP continued to strengthen, but we are now back around 0.6505/10, slightly higher on starting levels. AUD/GBP continues to track lower, last at 0.5830, close to fresh month to date lows (just ahead of 0.5800).
- Regional equity sentiment is weaker, following overnight leads, while US equity futures are struggling to stay in positive territory. AUD/JPY is still higher though, pushing above 94.15/20 fresh highs for the week, as USD/JPY tracks modestly higher.
- AUD/NZD is up from recent lows. The pair was around 1.1330 in early trade, but we are now back to 1.1355. Earlier NZ data didn’t shift the sentiment needle.
- Coming up is Australian credit data, although China PMIs, out at the same time, are likely to influence the A$ more.