Better risk tone supporting higher yielders
EUR/USD – EUR/USD holding close to 1.10 with a generally more risk positive tone seen as mildly supportive.
USD/JPY – Continuing to edge higher as US data shows evidence of solid economy. 150 a target near term despite longer term downside risks.
EUR/GBP – More strong UK GDP data and generally more risk positive tone underpinning GBP. Testing support at 0.8500/20.
AUD/USD – AUD remains well bid in more risk positive market, moving into the top end of the year’s range.
Equities – Small gains as correction seen to be overdone, but some large players offloading into rallies.
