All beneficiaries of the Pound’s stellar
feats of recovery and ensuing Greenback reversal, as the Aussie bounces further from overnight lows to the high 0.7100 zone awaiting comments from RBA Governor Lowe ahead of the latest jobs update, while the Yen entered decent option expiry territory in time for the NY cut (1.2 bn
between 105.20-15) and is now eyeing 105.00 in front of the m-t-d peak (104.94) having been down around 105.50 at one stage. Elsewhere, the Kiwi continues to pivot
0.6650 after failing to breach 1.0750 vs its Antipodean peer when Aud/Usd
was in danger of breaching 0.7150 to the downside and the Franc is hovering near the upper end of a 0.9162-22 band in the run up to Swiss producer and import prices tomorrow.