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Light Greenback Outperformance

FOREX

The greenback takes the lead in G10 FX space, even as U.S. Tsy yields operate below neutral levels. There has been little to stir the pot in the way of fresh headline catalysts.

  • USD/JPY has turned bid, chewing into yesterday's losses, as Japanese markets re-open after a long weekend.
  • The kiwi dollar underperforms at the margin, with participants still assessing RBNZ rate hike outlook in the light of yesterday's inflation data.
  • The minutes from the RBA's most recent monetary policy and a speech from RBA Dep Gov Bullock headline the regional economic docket.
  • Looking further afield, on tap today are the final reading of Eurozone's CPI, UK labour market report, U.S. building permits as well as comments from Fed's Brainard, ECB's Makhlouf & BoE's Bailey.

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