Evergrande Jitters Dampen Risk Recovery

Some degree of broader optimism carried over into the Asia-Pac session but dissipated amid lingering uncertainty surrounding the Evergrande situation. Bloomberg reported that three holders of the developer's dollar bond with a coupon that was due Thursday had not received their payments as of Friday morning.

• This amounted to a mixed picture for G10 FX space, with AUD still narrowly outperforming despite giving away almost all of its initial gains, which allowed AUD/USD to retest yesterday's high.
• NOK and CAD sit at the bottom of the G10 pile, even as crude oil prices are little changed, with major crosses generally holding narrow ranges.
• German IFO Survey, U.S. new home sales will take focus later in the day. Central bank speaker slate is quite tightly packed and features no less than six Fed members in addition to policymakers from ECB, BoE & Norges Bank.