Currencies are generally higher against the USD here in Asia this Monday to open the week
- AUD, GBP, EUR, NZD all doing better
CHF and yen not so great though (USD/JPY and USD/CHF both a wee bit higher than late US Friday)
AUD/USD is an outperformer, AUD crosses better also …. AUD/JPY a good gainer:
AUD has been weighed upon by shorts not liking it too much, and they've been adding to short positions.
CFTC data showed leveraged funds short, but also that real money accounts added to their shorts on the week (the data current as of May 29 is the latest).
This will be a bit of kindling lighting the little fire under it today, spurred on by the beats on the data that will in turn rasie expecatioations for the GDP data due mid week:
