Greenback Pressured, US Equity Futures Boost Risk Sentiment

The USD has been pressured in the Asian session, a bid in US Equity futures driven by Nvidia issuing a strong revenue outlook for the current quarter spilled over into a wider risk appetite.

• Kiwi is the strongest performer in the G10 space at the margins, extending gains through the session. NZD/USD is ~0.5% firmer, last printing at $0.6245/50. RBNZ Gov Orr was on the wires this morning, he noted that it would take a significant inflation shock to return to 75bps and that he is confident of a return to low, stable inflation.
• AUD/USD is up ~0.4% and last dealt $0.6830/35. The pair has ticked away from lows seen late in yesterday's session having found support below $0.68. Q4 Private CapEx data printed at 2.2% above the 1.1% estimate, rising from -0.6% prior.
• USD/JPY is marginally softer, last printing at ¥134.75/85. Japanese markets are closed for the observance of a public holiday, which limited liquidity in JPY pairs.
• EUR and GBP are both ~0.1% firmer, benefiting from the moderate pressure on the greenback.
• US Equity futures sit higher in Asia, NASDAQ futures are up ~0.9% and S&P500 futures are ~0.5% firmer. BBDXY is down ~0.2%.
• In Europe today Eurozone GDP headlines the docket. Further out we have US GDP and Initial Jobless Claims. Atlanta Fed President Bostic and SF Fed President Daly will cross.