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Modest USD Selling Evident

FOREX

USD weakness has emerged in recent G10 dealings. JPY, AUD and NZD are all now close to 0.20% firmer versus NY closing levels on Wednesday versus the USD.

  • USD/JPY is back near Wednesday session lows, last in the 148.75/80 region. AUD/USD is near 0.6340, which is close to yesterday's highs. NZD/USD is around 0.5920/25. EUR/USD is a touch higher, last near 1.0515.
  • Clear catalysts for the move aren't obvious, although US equity futures have moved away from earlier lows (Eminis back to 4292). US yields are oscillating around flat at this stage.
  • The BBDXY is near 1274.40. Yesterday's lows in the index were close to 1272.65.

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