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NZD Edges Lower On Virus Worry

FOREX

The Asia-Pac session has provided little impetus for G10 FX space thus far. NZD underperforms at the margin, as participants watch the resurfacing of Covid-19 in New Zealand unfold further.

  • Little market reaction to the ongoing parliamentary testimony from RBA Governor Lowe, as most of what he said reiterated familiar RBA communique.
  • MXN briefly knee-jerked lower upon the release of Mexico's daily coronavirus update, as the number of cases confirmed in the country topped 500,000.
  • Focus moves to China's monthly economic indicators, U.S. retail sales, industrial output & preliminary U. of Mich. Survey, flash EZ GDP, final French CPI and a Q&A with Fed's Kaplan.
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