Quick snapshot of the major currencies bloc: GBP leads while AUD, NZD lags

03/01/2018 | 05:32 GMT

Quiet day in Asian trading, as the Chinese yuan falls despite stronger PBOC fix

Cable is trading just above 1.3600, as the GBP leads the way in trading so far today. Ranges in most major pairs have been relatively tight - with commodity currencies the prime movers on the day (but even then, not by much).

AUD/USD and NZD/USD are both down 11 pips on the day, nothing too substantial - though they are both trading about 20 pips higher than the lows posted in trading today.

There hasn't been much that's driving the FX market in trading today, be reminded that Japanese markets are still closed and will only reopen tomorrow. Asian stocks are mostly up though, as the Hang Seng is up by 0.22%, Shanghai Composite up by 0.74%, CSI 300 up by 0.99%, Kospi up by 0.28%. Earlier, we had Australia's ASX 200 close the day higher by 0.15% at 6,070.40.

Here are the ranges of the major pairs today: