The USD lost some ground pretty much across the major FX board ahead of the inflation data due from the US later today. GBP, EUR, gold were all notab
The
USD lost some ground pretty much across the major FX board ahead of
the inflation data due from the US later today. GBP, EUR, gold were
all notable gainers. AUD, CAD less so. USD/JPY is a few ticks higher
on the session while NZD/USD is barely net changed.
Ranges
were subdued.
We
had plenty of words from Federal Reserve speakers, Harker and
Kashkari. Both stuck to the current script out of the Fed of sticky
inflation and higher
rates for longer.
News
and data flow otherwise were light. From Japan we had wholesale
inflation y/y (PPI for March) come in above expected but lower than
the previous month (the m/m reading was unchanged from February).
Asian
equity markets:
-
Japan’s
Nikkei 225 +0.6% -
China’s
Shanghai Composite +0.3% -
Hong
Kong’s Hang Seng -0.7% -
South
Korea’s KOSPI barely changed -
Australia’s
S&P/ASX 200 +0.6%
Gold extended its gains:
www.forexlive.com