USD Marginally Pressured In Early Asian Dealing, Australia GDP On Tap

The greenback is marginally pressured on Wednesday morning, BBDXY is ~0.1% lower however ranges have been narrow with little follow through thus far.

• AUD is the strongest performer in the G-10 space at the margins, AUD/USD is up ~0.2% last printing at $0.6680/85. RBA Gov Lowe is speaking, he has noted that persistent services inflation is here and that the RBA's tightening is not done. Resistance comes in at $0.6710, high from May 16.
• Kiwi is ~0.1% firmer, yesterday's high remains intact for now and a narrow 10 pip range has been observed thus far.
• Yen is firmer, USD/JPY has continued the move lower seen late in the NY session and is down ~0.1%. We do remain well within recent ranges.
• Elsewhere in G-10 EUR and GBP are up ~0.1% reflecting the broader USD move.
• Cross asset wise; US Equity futures are a touch firmer and US Treasury Yields are little changed.
• Q1 GDP from Australia headlines the Asia-Pac session, a rise of 0.3% Q/Q is expected. Further out the latest monetary policy decision from the Bank of Canada headlines todays docket.