USD in sideway consolidation with some weakness against EUR and GBP despite of higher US stock performance (DJI +1.4%, Nasdaq +0.67% S&P 500 +0.86%) and steady UST bond yield (10 years 2.9534%) effect. USDJPY remain capping under 110.30-50 region despite some real money demand see around 109.70-80 region and overall JPY cross consolidation will see the pair in sideway move for a while.
EUR in rebounding move after hawkish ECB’s members comments for end of QE discussion ahead of next week ECB live meeting and higher Germany Buds yield (10 years hit 2 week high of 0.5%). Also more short covering for EUR cross also supports EUR technical rebound.
GBP following the higher EUR and recent better PMI data still support the currency’s technical correction move.
AUD going steady after surging up to 0.7678 overnight and retracing broad USD still support the currency.
Today Eurozone GDP, US initial jobless claims, IBD/TIPP Economic Optimism Index as well as stock/bond market move will have some intraday impact. Tomorrow G7 leaders meeting and some conflict on Trump with other members still see more likely and news will have some small impact for currencies as well.