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USD Little Changed In Asia

FOREX

The greenback is little changed from Mondays closing levels in Asia, BBDXY is flat. Ranges across G-10 have been mostly narrow with little follow through.

  • Kiwi is the strongest performer in the G-10 space at the margins, NZD/USD prints at $0.6250/55 ~0.1% firmer today. The pair sits a touch off session highs and has moved above its 20-Day EMA today.
  • AUD is marginally pressured, AUD/USD prints at $0.6690/95 down ~0.1%. The RBA minutes of the May meeting noted that the decision to hike 25bps was finely balanced. AUD briefly extended losses as Chinese data was softer than expected before recovering to current levels.
  • Yen is little changed dealing in a narrow range around the ¥136 handle.
  • Elsewhere in G-10 ranges have been narrow in Asia, EUR is a touch firmer.
  • Cross asset wise; e-minis are down ~0.2% and US Treasury Yields are ~2bps softer across the curve.
  • In Europe today preliminary Eurozone GDP is on the wires, further out Canadian CPI and US Retail Sales, Industrial Production and Business Inventories cross.
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