The aussie is the leading major currencies bloc on the day
The aussie received an early boost as headline inflation figures came in slightly better-than-expected but also extended gains alongside the kiwi after the Chinese yuan continues to firm during the week with trade talks between US and China set to begin later today.
That said, the trimmed mean reading - RBA's preferred measure of inflation - held steady so I'd be wary of the gains posted here since AUD/USD is also running into the 0.7200 handle currently.
Meanwhile, the pound is posting a bit of a recovery after falling yesterday as parliament voted down the Cooper Amendment leaving lawmakers unable to firmly rule out a potential no-deal Brexit down the road for the time being. European leaders have also been adamant to shoot down the idea of any renegotiation of the withdrawal agreement, leaving the Brady Amendment - which was passed - to be shot dead on arrival.
Risk sentiment remains tepid/muted for the most part so expect similar tones to be observed in European trading as well with markets now waiting on the Fed meeting with abated breath. The dollar is a little weaker across the board as other currencies are testing extremes against the greenback now, though ranges remain relatively narrow.
