Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you’re all doing well on the day as we get things going here in European morning trade. It’s been an eventful start to the trading day with the aussie falling after weaker inflation data spurred bets for the RBA to cut rates in May.
That helped to drag the kiwi alongside it while the dollar remains firm at the start of the morning as it gains slightly against the euro, pound and loonie. Bond yields are a tad softer across the board and that continues to keep the yen underpinned as well.