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Slight Reversal Of Wednesday's Moves In Limited Early Trade

FOREX

The greenback underperforms at the margin, giving away some of yesterday's gains, albeit there has been little in the way of fresh headline flow to catalyse this move. As a reminder, the U.S. observes the Thanksgiving holiday.

  • The NZD sits atop the G10 pile, extending its recovery from yesterday's three-month low versus the USD, printed in the wake of the RBNZ's decision to raise the OCR by 25bp.
  • Coming up today we have Riksbank monetary policy decision and final German GDP as well as minutes from ECB Oct monetary policy meeting and comments from several ECB & BoE members.
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