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Muted Start Across G-10 FX On Wednesday

FOREX

There has been a muted start across G-10 FX on Wednesday, ranges have been narrow with little follow through thus far.

  • AUD is a touch firmer, AUD/USD has marginally trimmed some of Tuesday's losses and sits a touch under $0.68. On the wires shortly we have the May Westpac Leading Index.
  • Kiwi is little changed from yesterday's closing levels, a 10pip range has been observed with little follow through on moves.
  • Yen is also unchanged from Tuesday's closing levels, there was a brief move lower in USD/JPY in early dealing however there was no follow through and the pair sits at ¥141.40/50.
  • Elsewhere in G-10 NOK is marginally pressured, however liquidity is generally poor in Asia.
  • Cross asset wise; BBDXY is flat as are e-minis. US Treasury Yields are a touch firmer.
  • There is a thin docket in Asia today. Further out we have the May CPI report from the UK.
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