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Marginal Improvement In Sentiment

FOREX

The early part of the Asia-Pac trade has seen some marginal recovery in broader risk appetite, as participants reassess the risk from the Omicron coronavirus variant.

  • The yen underperforms amid reduced demand for safe havens as U.S. e-mini futures operate in the green.
  • The kiwi has crept higher despite the absence of notable local catalysts. AUD/NZD trades at its lowest level since Nov 24 after piercing NZ$1.0423, which limited losses on Nov 30/Dec 1.
  • U.S. weekly jobless claims & EZ unemployment as well as speeches from Fed's Bostic, Quarles, Daly & Barkin and ECB's Panetta take focus from here.

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