Greenback Marginally Pressured In Asia

The USD is a touch lower in Asia on Friday, the Antipodeans were pressured in early dealing however losses were pared. AUD and NZD sit a touch firmer. Early in the session House Speaker McCarthy noted that this is no agreement on the US Debt Ceiling. He also said he will stay at the Capitol and continue working until a deal is done.

• Yen is ~0.2% firmer, USD/JPY deals below the ¥140 handle however we remain well within recent ranges. Tokyo Headline and Core CPI were a touch below estimates.
• Kiwi is marginally firmer, NZD/USD was down as much as ~0.3% in early trade as e-minis extended losses and RBNZ's Silk noted that rates need to stay on hold for an extended period and that the bank is wary of over tightening. Support was seen ahead of year to date lows and losses were pared.
• AUD/USD is ~0.1% firmer, the pair dealt below the $0.65 printing a low of $0.6491 before paring losses to sit a touch firmer at $0.6510/15.
• Elsewhere in G-10 SEK is ~0.2% firmer, however liquidity is generally poor in Asia. EUR and GBP are both up 0.1%.
• Cross asset wise; e-minis are 0.1% softer however they were down as much as 0.3% in early trade. BBDXY is down ~0.2% and US Treasury Yields are softer across the curve.
• In Europe today we have UK Retail Sales, further out US Consumer income, Wholesale Inventories, Durable Goods and UofMich Consumer Sentiment crosses.