I’m still of the opinion that the market isn’t convinced by it’s own USD bullishness; AUD/USD is basically unchanged from yesterday morning and cable is slightly higher, whereas the USD made decent gains against the EUR and the CAD. That leaves us of course with some significant moves in the crosses.
AUD/NZD will attract some attention as it’s bounced back towards 1.10 again and EUR/GBP will stay quiet until the European market re-convenes.
NZ jobs data will be the main risk event during this morning’s trade.