 Trading has been relatively quiet in Asian session today. Dollar regained some ground overnight following hawkish minutes from the latest FOMC meeting, which revealed that several members are prepared to support further rate hike if necessary. Despite this, the greenback lacks clear follow-through momentum at present. For a more sustained near-term rebound, Dollar will need additional support from upcoming economic data, including today's jobless claims and PMIs, as well as tomorrow's durable goods orders. New Zealand Dollar stands out as the strongest performer of the day at the point, driven by unexpectedly robust retail sales data that ended a two-year contraction streak. Kiwi has also been a top performer for the week, buoyed by RBNZ's hawkish stance. Australian Dollar is the second strongest today, supported by solid PMI data showing solid growth and renewed cost pressures. Conversely, Dollar is the weakest performer, followed by Japanese Yen and then Euro. Notably, all major pairs and crosses are confined within yesterday's ranges, with the exception of AUD/NZD.... |
