Waller Speech Gives USD Early Boost

The USD is firmer in early Thursday dealings. AUD and NZD are off around 0.20%. USD/JPY is steady, last near 151.30, while EUR/USD is off around 0.10%, last at 1.0815/20. AUD/USD last near 0.6520/25, NZD/USD back near 0.5995. US Tsy futures have gapped lower at the open, which is likely providing some USD support.

• Headlines from a speech by Fed Reserve Gov Waller have crossed. He noted - "In my view, it is appropriate to reduce the overall number of rate cuts or push them further into the future in response to the recent data. This reflects the reality of managing an outlook in real time as data comes in," he said in prepared remarks. "Subsequent data may well alter this outlook again, but we shall see. Based on what we know now, there is no urgency in taking that step." See this link for more details.