May 17, 2022 02:07 GMT
AUD/USD has continued to push higher, up 0.50% and breaching the 0.7000 handle. Firmer risk appetite appears to be the main driver, with the RBA minutes not shifting local rates/bonds a great deal.
- The A$ is the top performer within the G10 FX space so far today, with NZD the next best performer at +0.30%. JPY is underperforming, as risk appetite improves. AUD/JPY is back to 90.60.
- US equity futures are higher to the tune of 0.3-0.7%, while Asian equities are also generally on the front foot. Hong Kong tech stocks leading the way at +3% at this stage.
- Yield spreads with the USD basically unchanged. Iron ore is holding steady around $130/tonne.
- Focus now if we can test above 0.7050 on improved risk appetite and weaker USD sentiment.