USD Extends Losses After Mixed Asia Session

Asia saw little in the way of market-moving headlines, with the U.S. fiscal stalemate and looming Brexit deadline providing the main albeit familiar points of interest. The greenback landed at the bottom of the G10 scoreboard, while the DXY traded through Thursday lows and seems poised to finish the week on the back foot. A round of USD/JPY sales into the Tokyo fix may have inspired some broader greenback weakness early on.

• AUD and NOK remained buoyant in the wake of yesterday's strong showing from the commodity space. AUD surged to its best levels vs USD in almost two and a half years, while also easily outperforming its Antipodean cousin. NZD struggled for any topside impetus, so did CHF, reflecting the mixed character of the session.
• In Asia, CNH firmed up even as the PBoC set its central USD/CNY mid-point slightly above the BBG estimate. KRW was the worst performer in the region, despite a strong exports print in South Korea's early trade report. USD/MYR slipped and found itself within touching distance from YtD lows, shrugging off an unexpected downtick in Malaysia's industrial output. Thai markets were closed for a public holiday.
• Key data releases today include flash U. of Mich. Sentiment out of the U.S., final German CPI and Italian industrial output. Speeches are due from ECB's Holzmann & de Cos as well as Fed's Quarles & George. The European Council resumes, with leaders due to take stock of progress on the banking union and the capital markets union.