A$ Range Trading As Equities Softer And Little New News

AUDUSD has been moving in a narrow range during APAC trading to be little changed on the session at 0.6751 with little information scheduled for today and generally softer equity markets. Aussie looked through weaker-than-expected home lending data. The USD index is also flat but down from an earlier high.

• AUDJPY is down 0.2% to 108.22 after an earlier high of 108.48. AUDNZD is slightly higher at around 1.0986. AUDEUR has recovered from the immediate euro reaction to the French election results and is trading up 0.1% to 0.6234. AUDGBP is 0.1% higher at 0.5270.
• Equity markets are generally lower with the ASX down 0.5% and Hang Seng -1.4% but Taiwan is up 1.2%. The S&P e-mini is down 0.1%. Oil prices are lower with WTI down 0.3% to $82.88/bbl. Copper is 0.5% lower and iron ore is around $110/t.
• Later there are US May consumer credit and June NY Fed inflation expectations and German May trade data. ECB’s Cipollone and BoE’s Haskel speak.