Eyes on AUD/USD for today - ANZ

Ross J Burland FXStreet

Analysts at ANZ noted some key takeaways and events.

Key Quotes:

"In Australia, the focus will be on Q1 CPI where our colleagues expect annual and core inflation to bounce to 2.0% and 1.7% y/y respectively."

"The NZD remained out of favour despite an improvement in global risk sentiment.

The ANZAC holiday is likely to have had an impact on liquidity and CAD was dragged lower after tariffs were levied on lumber exports to the US.

The big mover has been the EUR, which is close to a 5-month high after the first round of the French election.

JPY underperformed as risk sentiment improved.

There will be a bias for the local curve to steepen on the open given global moves and with the 2-year trading lower during the London session."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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