The kiwi is the main laggard on the day
Markets aren't risk-off but the snapshot above certainly suggests something of that sort, doesn't it (with the yen leading gains)? The kiwi is mainly dragged lower after a disappointing labour market report earlier in the day here. In turn, that has kept downside pressure on the aussie as well after the currency suffered yesterday on the back of the RBA's shift in stance on its cash rate outlook.
Meanwhile, the loonie continues to stay pressured as oil prices slip a little and with USD/CAD buyers attempting to secure a more bullish break on the day.
The rest of the major currencies bloc remain rather subdued, with EUR/USD sitting in a 10 pips range thus far with little changes from other European currencies against the dollar as well.
The yen is also trading rather mildly as USD/JPY continues to hover near the highs around 109.90 levels as once again - as with the majority of this week - traders are knocking on the door of the 110.00 handle. And once again, I'll reiterate that I will imagine that only breaking on positive headlines from US-China trade talks.
As for risk sentiment in the session ahead, flat/muted tones are expected but with US equity futures slightly lower (down 0.2%) I would expect European stock futures to mirror that a little. But that's not going to spark any real risk-off flows as we begin the morning.
