Slight dollar and yen weakness creeping in ahead of European trading
The major movers on the day so far have been the aussie and kiwi as both currencies are gaining decently as risk sentiment continues to recover on the day. Asian equities are recouping earlier losses while E-minis are trading near session highs up by about 0.4% currently.
And with the shift in risk sentiment from overnight trading, we're seeing the yen and dollar give back some of their gains seen from yesterday as a result. It's been a quiet start to the session but expect the usual topics to steal the headlines i.e. Italy and Brexit.
But keep an eye on risk and equities movement as that will be telling for price action as seen now as we await European markets to open. Trading ranges are still relatively narrow so far but most major currencies are trading at the higher extremes against the dollar and yen at the moment.
