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AUD kicked off the day with the most notable move of this Thanksgiving holiday, with the currency seeing a bout of softness after Australian Capex widely missed expectations (Private Capital Expenditure Q/Q -9.2% vs. Exp. - 2.9%), seeing AUD/NZD break below 1.1000. Apart from price action in AUD, FX markets have been extremely subdued today amid light news flow with many in the US away from their desks.
In terms of moves seen, USD index spent the European session in modest positive territory to initially weigh on EUR and GBP and as such saw EUR/USD hover around the 1.0600 handle, while GBP/USD initially fell below the 1.5100 handle however retook the level later in the session.
Looking ahead, tomorrow could remain quiet, with many US participants making the most of the Thursday holiday for a long weekend, however highlights include UK GDP Figures and import/export data comments from ECB'S Linde and Knot speak.
In terms of moves seen, USD index spent the European session in modest positive territory to initially weigh on EUR and GBP and as such saw EUR/USD hover around the 1.0600 handle, while GBP/USD initially fell below the 1.5100 handle however retook the level later in the session.
Looking ahead, tomorrow could remain quiet, with many US participants making the most of the Thursday holiday for a long weekend, however highlights include UK GDP Figures and import/export data comments from ECB'S Linde and Knot speak.
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