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Dollar Marginally Firmer In Early Trade

FOREX

The USD is a touch firmer in early dealing in Asia, US Tsy Yields have ticked marginally higher boosting the greenback.

  • Kiwi is pressured, NZD/USD is down ~0.2% and last prints at $0.6060/65. In June Consumer Confidence rose 8.0% to 85.5 as the RBNZ's decision to pause rate hikes boosts sentiment.
  • AUD/USD is down ~0.1%, the pair is holding above $0.66 for now.
  • Yen is a touch lower, Tokyo CPI was softer than expected printing at 3.1% vs 3.4% exp. Japans Jobless Rate held steady at 2.6%.
  • Cross asset wise; e-minis are a touch lower and US Tsy Yields are a touch firmer.
  • China's Official PMI data headlines in Asia today. Mfg PMI is expected to print at 49.0 and Non-Mfg PMI is expected at 53.5.
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