FX Handover: Calm before the storm?
|Markets still buoyed by hints of Fed cut ahead of ECB and NFP
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Ahead of the US open, risk assets have come off their best levels with US index futures turning flat and crude oil lower.
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In FX, all the pairs we track in this report have remained within their respective Average True Range (ATR) percentiles, suggesting it has been a quiet day – as we had envisaged in our week ahead outlook, before volatility picks up later in the week with a plethora of central bank meetings to come.
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For what it is worth, the euro has outperformed especially against the likes of the AUD, NZD and JPY
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There are no important North American data due for release today
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