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Tight Start, Marginal Risk-On Feel Creeps In

FOREX

Tight start to Asia-Pac trade, with participants awaiting the outcome of a virtual Biden-Xi summit.

  • The AUD outperforms at the margin. The RBA released the minutes from their most recent monetary policy meeting, noting that "risks to inflation forecasts were tilted to the upside."
  • JPY and USD sit at the bottom of the G10 pile, as U.S. e-mini futures have edged higher in early Asia-Pac trade.
  • Focus turns to UK labour market data, flash EZ GDP and U.S. retail sales, with speeches coming up from RBA's Lowe, Fed's Bullard, Barkin, Bostic, George & Daly, ECB's Lagarde, BoC's Schembri & Riksbank's Breman.
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