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Sino-U.S. Trade Matters Eyed

FOREX

G10 FX have tread water so far, largely looking through a phone call between top trade reps from the U.S. & China, as broader communique surrounding the matter offered no surprises. Sino-U.S. trade headlines pushed AUD a handful of pips higher and the Aussie still outperforms its peers from the basket, albeit by very thin margins.

  • The yuan also strengthened a tad in reaction to the aforementioned headlines. USD/CNH posted a leg lower, but is yet to test yesterday's lows.
  • Australian payroll jobs and wages & flash trade balance, German Ifo Survey & final GDP, U.S. Conf. Board Cons. Conf. & new home sales, Norwegian GDP and comments from BoC's Schembri & Fed's Daly take focus from here.

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