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NZ$ & A$ Outperform, Others Little Changed


G10 currencies are little changed during APAC trading today and have been moving in narrow ranges. Aussie and kiwi have outperformed and are trading close to intraday highs. The USD index is flat but off the day’s lows. Brent crude rose above $80 earlier but is currently up only 0.1% to $79.64/bbl. US Treasury yields are little changed.

  • AUDUSD is up 0.2% to 0.6415 but given no Aussie data has been in a narrow range of 0.6401/17 finding support at 64c.
  • NZD has outperformed today against the greenback with NZDUSD up 0.3% to 0.5929, close to high of 0.5930. It fell to 0.5907 early in the session. AUDNZD is down 0.1% to 1.0821 but has traded between 1.0814/1.0844 today.
  • USDJPY is little changed at 150.93 after range trading between 150.83/151.00.
  • European currencies are almost unchanged against the dollar with EURUSD at 1.0709, GBPUSD 1.2286 and USDSEK 10.894.
  • Later there are more Fed speakers with Chairman Powell scheduled to participate on a panel discussing monetary policy challenges at the IMF research conference at 1900 GMT. Harker, Bostic, Barkin and Paese are also on today’s calendar. The ECB’s Lagarde and Lane are due to appear.

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