Not much movement overall in the currencies space today
The aussie and kiwi may be looking like they're showing decent movement but generally, price action remains relatively subdued. Both currencies are recovering slightly from the lows posted earlier as Chinese authorities continue to keep up with upbeat comments on the economy and we're also seeing some short-covering alongside that.
Of note, AUD/USD still sits in a 31 pips range with NZD/USD sitting in a 27 pips range on the day. Overall, not a whole lot is going on to be honest.
Meanwhile, other major currencies remain even more subdued as they settle around unchanged levels as we await European traders to join in on the action. With risk sentiment having little direction to work with and the US jobs report due tomorrow, I reckon we could see a period of lull over the next few sessions as traders look for a theme to latch on to.
Looking ahead, the ECB meeting and Draghi's press conference will be the key event today but up until then I would expect the euro to trade cautiously and EUR/USD looks to continue to settle around the 1.1300 handle for the time being.
