USD rebounding goes further overnight with a higher UST yield and the effect of stabilized US stock (DJI -0.08%, S&P -0.5%, Nasdaq -0.9%). Also US Senate reached a bipartisan deal that will likely averts a government shutdown which further supports USD in higher correction.
EUR lower overnight on EUR cross profit taking and technical with below 1.23. Some correction in short term expected to be seen but overall bullish trend remains unchanged on sound fundamental in eurozone with a taper expectation from ECB later of the year.
GBP lowers gradually while the Brexit negotiation uncertainty remains. And today a UK Super Thursday (BOE + QIR) will see some action for GBP and GBP cross as market expects BOE to keep the rate at 0.5% and asset purchase targeting at GBP435 Billion with vote 9-0. Quarterly inflation report will set the view from BOE on future inflation forecast and Carney’s speech afterward will also have some impact.
USDJPY higher with broad USD strength as well as on BOJ Kuroda continuously persisting the quantitative easing policy to be unchanged. And technical resistance remains at 110.00-20 region with the downside support at 109.00-20 for intraday.
RBNZ keeps the interest rate unchanged at 1.75% but a lower 1st Quarter growth forecast from 1.2% to 0.8% driven some selling on NZD although overall to be in orderly move.
Today US initial jobless claims, Fed’s Kashkari speech and stock/bond market move will still have some intraday impact.