Aussie and kiwi hold minor gains into the European morning open
The risk mood continues to stay more lively on the new day after a solid gain for risk trades in overnight trading. The S&P 500 hit a new record high while Treasury yields climbed on the back of more upbeat sentiment surrounding US-China trade.
That is keeping the likes of the aussie and kiwi buoyant today with yields also a tad higher. The overall risk mood remains more steady but markets are looking to keep up the enthusiasm ahead of the Fed tomorrow.
USD/JPY is also near the 109.00 handle although large expiries at 109.00-10 may just keep price in-check during the session ahead.
Other major currencies continue to keep in narrow ranges although the pound once again will come into focus with yet another parliamentary vote on an election.
As such, trading sentiment will continue to center around the risk mood and Brexit as we look forward to a more hectic next couple of days.
