HK Equity Rebound Drives NZD and AUD Outperformance

The risk tone has turned more supportive for FX in recent dealings. NZD and AUD are modestly outperforming. NZD/USD sits near 0.6180, up around 0.25% for the session so far. AUD/USD is trailing slightly, but was last near 0.6565. Yen is lagging these moves, last near 150.00 largely unchanged for the session.

• A sharp turnaround in HK equity sentiment, with markets rebounding from earlier losses to be up over 1% has aided risk appetite, more details to follow.
• The BBDXY sits a touch lower, last near 1242. Elsewhere in the cross asset space not a lot has changed from earlier, with US equity futures still down, while US yields have turned down slightly versus earlier gains.