Free Trial

Greenback Moderately Pressured As Risk Sentiment Improves

FOREX

The USD is moderately pressured in Asia as risk sentiment improves in todays Asian session. Regional equities are firmer, Nikkei is up ~1.3% as BOJ Gov Ueda pledged to continue easing, and e-minis are ~0.1% firmer.

  • AUD is the strongest performer in the G-10 space at the margins. AUD/USD prints at $0.6665/70 ~0.4% firmer on Tuesday. April Westpac Consumer Confidence rose 9.4% to 85.8, the highest print since mid 2022. NAB March Business Confidence rose to -1 from -4 and business conditions fell a touch to 16 from 17 in Feb.
  • Kiwi is ~0.2% firmer, NZD/USD last prints at $0.6225/30. THe pair sits a touch below its 20-Day EMA having found support ahead of $0.62 in early trade.
  • Yen is also firmer, USD/JPY has marginally pared some of yesterdays gains and last prints at ¥133.40/50.
  • Elsewhere in G-10 EUR and GBP are both ~0.2% firmer as the broad based USD weakness is reflected across G-10.
  • Cross asset wise; BBDXY is ~0.2% softer and 2 Year US Treasury Yields are ~3bps lower.
  • In Europe today Eurozone Retail Sales headlines an otherwise thin docket.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.