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USD Weakness Continues, AUD and Yen Outperforming

FOREX
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USD softness continues in the first part of Thursday trade. The BBDXY index is sub 1249.5, although still above late May lows (just under 1246).

  • The yen and the A$ are the strongest performers at this stage. There don't appear any fresh macro drivers for these moves, with news flow fairly light at this stage.
  • In the cross asset space, US equity futures are around flat, while US yields are still up a touch, but close to recent lows. Regional equity markets are tracking higher, following the positive US/EU lead from Wednesday trade.
  • USD/JPY is back to 155.50, around 0.40% stronger in yen terms. Recall recent lows (Jun 4) came in close to 154.50.
  • AUD/USD is up 0.45%, last around 0.6685. NZD/USD is up 0.30%, but consolidating at fresh multi month highs above 0.6200.
  • Coming up shortly we have Aust data on housing finance and trade. BoJ speak is also due.
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USD softness continues in the first part of Thursday trade. The BBDXY index is sub 1249.5, although still above late May lows (just under 1246).

  • The yen and the A$ are the strongest performers at this stage. There don't appear any fresh macro drivers for these moves, with news flow fairly light at this stage.
  • In the cross asset space, US equity futures are around flat, while US yields are still up a touch, but close to recent lows. Regional equity markets are tracking higher, following the positive US/EU lead from Wednesday trade.
  • USD/JPY is back to 155.50, around 0.40% stronger in yen terms. Recall recent lows (Jun 4) came in close to 154.50.
  • AUD/USD is up 0.45%, last around 0.6685. NZD/USD is up 0.30%, but consolidating at fresh multi month highs above 0.6200.
  • Coming up shortly we have Aust data on housing finance and trade. BoJ speak is also due.