AUDUSD Holding Above 67c Despite USD Pressure

AUDUSD continues to be under pressure from the stronger greenback (BBDXY +0.1%). It dipped below 67c earlier to 0.6691 but has bounced back to 0.6706.

• Aussie is up 0.2% against kiwi to around 1.0823, after also outperforming on Friday. AUDJPY is flat around 89.75. Aussie is 0.1% higher against both the euro and pound to 0.6110 and 0.5408 respectively.
• Treasurer Chalmers said that the review into the operations of the RBA should be released quite soon, probably in the next week but certainly before the budget on May 9. He also said that it is likely to result in some legislative changes.
• Equity markets in the APAC region have been mixed so far today with the ASX up 0.2% and the CSI +0.6% but the Nikkei and Kospi down 0.1%. S&P e-minis are 0.2% higher. Oil prices are range trading so far today with the WTI off its $82.31/bbl intraday low to $82.43. Copper prices are down 0.3% and iron ore is trading just below $115/t.
• There is little data scheduled for later but there are a number of central bank speakers. ECB President Lagarde will speak, as will Buba President Nagel and BoE’s Cunliffe.