Aussie and kiwi benefit from improved risk sentiment in markets
On the other hand, the Japanese yen is the laggard as we begin the session as equities sentiment is boosted by further Chinese commitments in achieving a truce with the US. E-minis are up by almost 0.5% on the day now and Asian equities are still holding on to their gains into the closing stages.
However, trading ranges remain narrow for the most part and that's mainly reflected in movement in the other major currencies so far today.
The aussie and kiwi are leading the way as both currencies are holding at session highs currently, boosted by the improved risk sentiment. There's also talks that China's policy meeting next week will set up an upbeat rhetoric to boost growth next year and that's helping to feed into gains seen in Chinese equities and the aussie and kiwi - which both have strong ties to Chinese economic sentiment.
Look out for more Brexit headlines in the session ahead but the main spotlight will be on the ECB and Draghi's presser to come later on in the day. European equities are set to open mildly higher and the futures should reflect that in just under 15 minutes now.
Here are the ranges for dollar pairs on the day thus far:
- EUR/USD - 14 pips
- USD/JPY - 29 pips
- GBP/USD - 40 pips
- USD/CHF - 21 pips
- USD/CAD - 20 pips
- AUD/USD - 26 pips
- NZD/USD - 32 pips
