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G10 FX Off To A Slow Start, AUD/NZD Struggles To Re-Test 200-DMA

FOREX

Little movement across the G10 FX space in early Asia-Pac trade, we are heading towards the month-end on a low gear. News flow has been light and offered little to move the needle, while regional data releases have provoked muted price reaction. NZD underperforms its G10 peers at the margin, while its cousin from across the Tasman fares relatively well, but AUD/NZD is yet to re-test its 200-DMA.

  • On the radar today we have EZ unemployment & advance GDP, flash French & Italian GDPs & CPIs, Canadian GDP, personal income/spending & MNI Chicago PMI out of the U.S., ECB Survey of Professional Forecasters as well as comments from ECB's de Guindos, Visco, Weidmann & Mersch.

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