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Pressure Extends On Greenback

FOREX

Firmer US Equity futures and regional equities, Hang Seng is up ~1%, have seen risk appetite gain in the Asian session and extended pressure on the greenback.

  • The Antipodeans are leading the bid, NZD/USD is up ~0.5% and is through yesterdays high. AUD/USD has broken through the 50-Day EMA and is up ~0.3%.
  • Elsewhere in G-10 Yen, EUR and GBP are ~0.2% firmer.
  • Focus now turns to the China Caixin Services PMI print which is due in just under 10 minutes.

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