Entering into US session, the forex markets are a bit mixed for the moment as more important events, like FOMC meeting, lie in the week again. Euro is lifted mildly by record wage growth in Q1. Though, New Zealand Dollar is the strongest one for now. At the same time, Australian Dollar is the weakest for today so far, followed by Yen. Data from US and Canada are unlikely to trigger much reactions.
Nevertheless, Euro crosses are worth a watch in the rest of the day. In particular, EUR/AUD’s strong rally in early US session suggests that recent rise might be extending after very brief consolidation since Thursday. 1.6363 temporary top is the level to watch. Also, EUR/GBP could also extend recent rally through last week’s high at 0.8932.
In Europe, currently:
- FTSE is down -0.16%.
- DAX is down -0.03%.
- CAC is up 0.22%.
- German 10-year yield is up 0.0121 at -0.239.
Earlier in Asia:
- Nikkei rose 0.03%.
- Hong Kong HSI rose 0.40%.
- China Shanghai SSE rose 0.20%.
- Singapore Strait Times dropped -0.45%.
- Japan 10-year JGB yield dropped -0.029 to -0.127.