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FOREX: A$ And NZ$ Outperform On Higher Yields

FOREX
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Aussie and kiwi are outperforming against the US dollar during trading so far today. The BBDXY USD index is only slightly lower with US yields little changed. European currencies and the yen are steady. 

  • AUDUSD has been generally underperforming and technicals continue to signal a bearish downtrend. During today’s APEC trading though it has bounced 0.4% to 0.6239, close to the intraday high, but still 0.15% below last Monday’s close. It has found support from higher ACGB yields, commodity prices including iron ore returning above $100/t.
  • NZDUSD is also 0.4% higher at 0.5656 leaving AUDNZD flat at 1.1031. The cross has range traded through the session.
  • USDJPY is down 0.1% to 157.78 after a high of 157.99 but has spent the day in a narrow range with little news to give it direction.
  • EURUSD is unchanged at 1.0425 and GBPUSD 1.2580.
  • US December MNI Chicago & Dallas Fed PMIs and November pending home sales print as well preliminary December Spanish CPI.  
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Aussie and kiwi are outperforming against the US dollar during trading so far today. The BBDXY USD index is only slightly lower with US yields little changed. European currencies and the yen are steady. 

  • AUDUSD has been generally underperforming and technicals continue to signal a bearish downtrend. During today’s APEC trading though it has bounced 0.4% to 0.6239, close to the intraday high, but still 0.15% below last Monday’s close. It has found support from higher ACGB yields, commodity prices including iron ore returning above $100/t.
  • NZDUSD is also 0.4% higher at 0.5656 leaving AUDNZD flat at 1.1031. The cross has range traded through the session.
  • USDJPY is down 0.1% to 157.78 after a high of 157.99 but has spent the day in a narrow range with little news to give it direction.
  • EURUSD is unchanged at 1.0425 and GBPUSD 1.2580.
  • US December MNI Chicago & Dallas Fed PMIs and November pending home sales print as well preliminary December Spanish CPI.