The AUD and CAD are the leaders in trading thus far
The greenback may be stealing the headlines on the back of trade truce between US and China, and the fact that the dollar index climbed above 94.00 momentarily, but commodity currencies (barring the kiwi) are actually the top performers today.
Risk sentiment is buoyed from the fact that there is some progress in the US-China trade rhetoric, and that is helping to lift equities and oil on the day. The aussie leads on the back of that as well as from buying in AUD/NZD, which is what is helping to pin down the kiwi at the same time - along with poor retail sales earlier.
Meanwhile, the loonie is staying supported as oil prices are higher on the day too with WTI trading 0.35% higher at $71.53 - having earlier risen to a high of $71.92.
On the opposite end of the spectrum, the yen and pound are the laggards today so far with the former lower on the back of slightly higher yields and improved risk sentiment; while the latter is being dragged down by political woes and technical selling on the day.
------
