Back Close To 0.6700, +0.50% Firmer

AUD/USD is pressing higher, last just under session highs in the 0.6685/90 zone. This puts us around 0.50% above NY closing levels. The A$ is outperforming within the G10 space. Most G10 currencies are firmer against the USD at this stage though.

• A$ bulls will target a move back above 0.6700, which would target recent highs, also note the 20-day EMA comes in at 0.6723.
• Cross signals have been supportive of the AUD in the last part of trading but nothing dramatic. Both US equity futures and Treasuries have firmed a little. The 2yr yield is slightly below session highs, last near 4.21% (4.247% was the session high).
• HK and China equities are opening up firmer, but the HSI's move, around +1.2% is in line with the futures move.
• In the commodity space, iron ore is slightly firmer, back above $129/ton, while copper is also firming (+0.70% CMX basis).