Major currencies still making up their minds on the new day
The kiwi is leading gains on cross flows against the aussie as markets are still finding on a common theme to adopt as we begin the new week. Asian equities are holding firm, with Chinese equities posting gains of more than 1%. However, US equity futures are flat on the day and Treasury yields are slightly weaker ahead of European trading.
That is leaving a bit of a mixed mood as we begin the morning in Europe.
The pound is holding steady with cable just under the 1.3100 handle again - much like the majority of last week. Brexit headlines have gone a bit silent as the UK parliament is on break this week in observance of the Easter holidays.
I would expect more choppy price action to follow later in the week as we'll have UK inflation and labour market reports still to follow.
Other than that, most major currencies are still mixed with narrow ranges still prevailing for the most part. With little on the economic calendar today to move things along, expect focus to be on how risk develops as we get more earnings releases later in US trading.
Financials will be the focus in that regard again, with Citigroup and Goldman Sachs both set to report later today.
