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FOREX

Little to note in terms of headline flow so far. AUD is top of the G10 pile with AUD/USD up 8 pips, data earlier showed AIG performance of services index rose to 61.2 in May from 61.0 previously.

  • NZD/USD is down around 4 pips with markets in New Zealand closed for a public holiday
  • Yen pairs broadly flat, USD/JPY down 1 pip. BoJ Dep Gov Amamiya will speak at a financial seminar hosted by the Nikkei this evening.
  • Offshore yuan stronger, but USD/CNH still above Friday's lows. Little by way of domestic headline flow so far, some reports out of Australia as the UK and Australia finalise an FTA, UK Trade Sec Truss categorised China's behaviour on trade as pernicious.
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