Nothing substantial but a minor move across the board
Trading ranges across the board remains very much subdued still despite the move. EUR/USD and AUD/USD are seeing an extension to the downside of today’s range with both pairs hitting session lows of 1.1561 and 0.7342 respectively. However, the trading ranges for the pairs are 21 pips and 27 pips respectively so far. Nothing to get excited about.
Of note, the kiwi is off its highs against the greenback and moving back below 0.6700 while cable is also treading waters just around the 1.2900 handle now.
There’s a handful of Asian markets that are on holiday today and that could play into lower liquidity as things begin here in early European trading. Let’s see if this little kick here is enough to set things into motion for the rest of the day. Otherwise, be ready for yet another dud of a session.