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NZD took the lead just ahead of London........>

FOREX
FOREX: NZD took the lead just ahead of London hours as PM Ardern announced that
New Zealand will be easing its lockdown measures in a week. The nation will move
out of level 4 alert and stay at alert 3 for at least two weeks. AUD popped
higher in tandem, following a difficult session for commodity-tied FX, pressured
by retreating oil prices. NOK and CAD continue to bring up the rear in the G10
basket. NZD earlier got a brief reprieve as local Q1 CPI beat expectations.
- Softer crude and rating action dented MXN. After hours on Friday, Moody's
downgraded Mexico's sovereign debt to Baa1 with a negative outlook. It also cut
Pemex's rating to Ba2, keeping the outlook negative. 
- Participants pondered risk developments from over the weekend, weighing
positive musings from some Covid-19 hotbeds against various instances of
political tensions & caution surrounding the earnings season. USD/JPY gained as
U.S. equity index futures pared losses and the yen retained its weakness.
- The yuan was unfazed as the PBoC cut its LPRs at the monthly fixing, as exp.
- The calendar throws up a quiet start to the week, Canadian wholesale trade
sales & a briefing from BoE's Haldane/Broadbent are the highlights.
Energy BulletsCommodities
Energy BulletsCommodities

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