USD flows: Still trending broadly firmer
USD remains on a firmer trend against most majors
Mixed trade overnight (Kospi bounce, Nikkei sill down, Nasdaq future a little firmer). Micron earnings are due later today as one potential driver/excuse for fresh action in the space.
Dollar also a touch slower but generally pressing and stretching the highs - NZD extending and NOK also stretching further to be just clearing the April highs at just through 9.8~. Fresh lows for EUR and CHF on the move too, keeping the direction of travel the same.
Not a huge amount on the calendar today, with IFO later this morning expected to show some improvement in sentiment together with geopolitics.
On the latter front, still every indication that talks are going to be spiky with continuous disagree on most of the key topics coming up (from inspections to assets). But the assumption is that that was always inevitable and as long as the process continues the market will presume the best – especially with the sheer unpopularity of the war in the US reflected in the Senate resolution passed last night on halting war powers.