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USD Lower, Focus Remains On Oil Spike, AUD & NZD Strongest Performers

FOREX

The USD is weaker, with the BBDXY back sub 1223, off a little over 0.10% from Thursday NY closing levels.

  • AUD and NZD are the strongest performers, up 0.30-0.35%. Focus remains on higher oil prices, post the US/UK military strikes on Houthis in Yemen. WTI is now up 2.5% to $73.80/BBL, while Brent has gained 2.3%.
  • AUD/USD is tracking at 0.63710/15, while NZD/USD is just above 0.6250.
  • USD/JPY is lower, back towards 145.00, albeit still above session lows. This comes despite
  • US Tsy futures sitting comfortably off earlier highs.
  • Regional equity trends are mixed, while US futures sit lower, by around 0.15%.
  • China inflation data was close to expectations. USD/CNH is slightly lower near 7.1700 in recent dealings.

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