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Risk Currencies Rally, AUD/USD Close To Post NFP Highs

FOREX

Risk currencies have outperformed in the last part of dealing. AUD and NZD are both up over 0.20%, after earlier steady starts. USD/JPY is off earlier highs (154.29) back close to yen terms, near 153.9.

  • This is a continuation of the trends from the Monday session, where risk currencies outperformed for the most part. AUD/USD is up to 0.6640, just off session highs. Note post NFP highs in the pair came in close to 0.6650.
  • NZD/USD is tracking above 0.6020 still some distance from post NFP highs (near 0.6050).
  • Regional equity markets which are open, have firmed in line with a positive lead from offshore markets. The tone US equity futures is slightly lower, while US Tsy futures is relatively steady. the BBDXY is back lower, last near 1250.6.
  • Coming up shortly with Aust retail sales volumes for Q1. The market consensus is for4 a -0.30% fall (prior +0.3%). The main focus will be on the RBA decision later though.
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