AUD leads, while the JPY lags behind
The aussie is the lead gainer as improved risk sentiment in the market continues into the new week along with a beat in the Q1 GDP report earlier here. That has also helped to give the kiwi a lift on the day.
The loonie isn't sitting too far behind after earlier news that Canada may be exempt from US tariffs. USD/CAD is continuing to trade near the lows for the day now at 1.2934.
Meanwhile, there are narrow ranges all around for the other major currencies but notably the swissie and yen are the laggards ahead of the European session. US 10-year yields are up by 1 bps to 2.939% and that's helping to pin down the yen with USD/JPY near the highs now closing back in on a test of the 110.00 handle.
Here are the ranges from trading so far today:
- EUR/USD - 22 pips
- USD/JPY - 19 pips
- GBP/USD - 36 pips
- USD/CHF - 23 pips
- USD/CAD - 44 pips
- AUD/USD - 53 pips
- NZD/USD - 26 pips
