Risk appetite returns, denting the dollar.....>

FOREX: Risk appetite returns, denting the dollar and buoying AUD and NZD

-It was a relatively quiet day for currencies before North Korea stated they

were open to denuclearisation talks - a statement that prompted markets to dump

the greenback and buy (almost) any other currency. Equities rallied and bond

yields rose further as Purdue, an ally to Trump in the Senate, said the

President would be open to changes on his tariff plans, which further supported

risk appetite.

-Safe havens dropped, resulting in CHF and JPY dropping against all but the

dollar. EUR/CHF now sits comfortably above both the 50 and 100DMAs despite a

death cross forming on Friday.

-Leading the way higher, the NZD convincingly broke out of a bear channel that'd

held since mid-February, which further supported the AUD after the RBA appeared

modestly confident on wage growth overnight.

-Tomorrow's session sees ADP Employment Change, BoC rate decision, Fed's Beige

Book and final GDP readings from the Eurozone.