NZD/USD was marked up above 0.6700 on the strong Q2 retail sales data:
Sellers of AUD/NZD are impacting on AUD/USD, which has lost a few points.
Also weighing is negative news for AUD/JPY:
- Cohen's lawyer says Cohen testified that Trump directed him to commit a crime
- Cohen says he violated campaign finance law at direction of candidate
In the big picture the moves are small. It is still early in Asia, just gone 7am in Tokyo and 6 am in Singapore and Hong Kong. We are just exiting the lowest liquidity time of the 24 hour forex cycle when only New Zealand and Australia are fully active.
Moves are often exaggerated in this 'twilight' zone, but they have not on the news today.
