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NZD & GBP Land At Opposite Ends Of G10 Scoreboard In Quiet Asia-Pac Trade

FOREX

Headlines which crossed the wires in Asia-Pac hours failed to provide market-moving signals and catalyse volatility across G10 FX space. Major currency pairs hugged tight ranges, with participants assessing the global Covid-19 outlook.

  • NZD was marginally firmer as New Zealand's daily case count continued to ease. The country declared 15 new infections with the coronavirus, all of them detected in Auckland.
  • GBP trailed its G10 peers ahead of a House of Commons vote on the government's new tax package, which includes 1.25pp hikes to National Insurance contributions and the dividend tax.
  • Focus turns to Bank of Canada monetary policy decision and comments from Fed's Kaplan & Williams, RBA's Debelle and a slew of BoE speakers including Gov Bailey.
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