AUD leads the way, while the JPY lags behind
But ranges all around are very, very subdued. Most major currencies are sitting with less than a 0.1% change against the greenback, with the only two currencies with a slightly extended range being the aussie and yen - and even then it's not by a lot.
The aussie is pretty much reversing its losses seen yesterday as a result of a turnaround in risk sentiment, while the yen is being hurt as stocks continue to push higher with USD/JPY also breaking key technical levels.
The pound is also seeing some sluggish tones ahead of the Brexit white paper that is to be released later today. There is no specific time for that as far as I know, so keep your eyes and ears peeled. That will be an added risk for sterling traders today.
Other than that, expect the positive tone from equities to reverberate in European trading as well. Here are the ranges for the dollar pairs so far today:
- EUR/USD - 16 pips
- USD/JPY - 46 pips
- GBP/USD - 20 pips
- USD/CHF - 9 pips
- USD/CAD - 26 pips
- AUD/USD - 27 pips
- NZD/USD - 18 pips
