Dollar on the back foot again in Asian trading

The greenback sits at the bottom of the pile

Ranges are tight still but the dollar sits near the lows for the day currently. EUR/USD is inching back towards 1.2000 again with USD/JPY eyeing a move below 109.00 at the moment.

Liquidity is thin with Japanese markets closed for the day, but those around are opting for more unwinding ahead of the non-farm payrolls report later today. There is also the added risk of US-China trade talks making some headlines to consider too.

Meanwhile, the aussie is the biggest gainer so far after the upbeat comments by the RBA in its statement on monetary policy earlier. The key was that they lifted the core inflation forecast, though nothing else has really changed and the message remains that the RBA is going to stay put for quite some time still.

investingLive Premium
Telegram Community
Gain Access