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Quiet Start, Modest Risk-On Flows In Play

FOREX

Some very modest risk-on flows have driven price action across G10 FX space in early Asia-Pac trade, with recent headline flow offering little in the way of notable catalysts. Major crosses have been relatively rangebound.

  • The Antipodeans lead gains, with GBP also holding firm. Meanwhile, traditional safe havens have softened. U.S. e-mini futures have retraced their initial downticks.
  • The absence of major data releases today will be compensated by plenty of central bank rhetoric, with Fed, ECB, BoE, Riksbank & Norges Bank members set to speak. The RBA will release minutes from their latest monetary policy meeting.

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