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Mild Risk-On Feel Seen Early On, China Returns From Holidays

FOREX

It has been a fairly quiet start to the Asia-Pac session, with some carry-over of yesterday's risk-on impetus evident early on, as regional players have digested the White House's openness to a more comprehensive stimulus package. The Antipodeans outperform in G10 FX space, with the greenback lagging all of its peers from the basket.

  • As a reminder, mainland China returns from the eight-day Golden Week holidays today, with all eyes on the imminent PBoC fix. USD/CNH has been steady so far, fluctuating within a relatively narrow range.
  • Markets in South Korea and Taiwan are closed for public holidays today.
  • Chinese Caixin Services & Composite PMIs, UK monthly activity data, Canadian labour market report, French & Italian industrial production figures, Norwegian CPI as well as comments from Fed's Barkin & BoE's Haldane take focus today.
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