The Australian, Canadian and New Zealand Dollars traded higher in Asian trade. The move tracked gains in Australia’s S&P/ASX 200 stock index. Materials and energy names led the way higher, which may explain strength in commodity-linked currencies. The Yen likewise advanced as Japan’s Nikkei 225 index suffered, sending capital flowing into local investors’ standby anti-risk play.
The European economic calendar is conspicuously thin on high-profile scheduled event risk. The US data docket is not much more exciting, offering a small helping of second-tier releases. This seems to open the door for sentiment trends to steer G10 FX price action. Futures tracking key US and European stock benchmarks are in the red, hinting at risk aversion that may help the Yen continue to build higher.
Asia Session
European Session
** All times listed in GMT. See the full DailyFX economic calendar here.
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