Via ANZ's look at the week ahead for FX. Their fair value model for AUD has it at 0.67 against t the USD. Citing: ANZ are looking for a sideways week ahead for the AUD (their view is neutral) but are bearish in the month ahead.
Blogs
ForexLive Asia FX news wrap: NZD out performs on the session
Forex news for Asia trading Friday 5 June 2020 Asia FX ranges were tight indeed for the session here with very little fresh news nor data that had much of an impact.
NZ government will further extend Covid-19 support schemes for business
Finance Minister Grant Robertson says an extra 40,000 businesses are now eligible for the extended wage subsidy. – dropping the required revenue drop threshold from 50 per cent to 40 per cent More
Some reports circulating that the US plans to allow some Chinese passenger airline flights to continue
Rumours the US Transportation Department plans to issue a revised order likely to allow some Chinese passenger airline flights to continue Said the order will be sometime in coming days.
Australian PM Morrison says very much in favour of travel bubble with New Zealand
Australian Prime Minister Morrison and Treasurer Frydenberg comments - the news conference has been going on a while but there is nothing much of note in it that has shifted the forex around much.
More on Novavax – US Dept Defense contract just announced re coronavirus vaccine
I posted the news as it was breaking here : Novavax wins a US contract for a coronavirus COVID-19 vaccine The post linked above has a bit more background
Dollar on the back foot as positive risk vibes continue to reverberate
The dollar slips to start European morning trade For bank trade ideas, check out eFX Plus European and US stock futures are pushing higher and that is feeding to the more positive risk vibes in the market as we look to get things going on the session.
AUD/USD stays on track for a move towards 0.7000
AUD/USD is a little higher going into European trading For bank trade ideas, check out eFX Plus Amid the pullback in equities yesterday and some mild strength in the dollar from time to time over the past few sessions, the pair looked like it may be on course for a correction but buyers still managed […]
FX option expiries for Friday June 5 at the 10am NY cut
EUR/USD USD/JPY USD/CAD For bank trade ideas, check out eFX Plus
ECB's de Cos says that rising risk of deflation warranted more stimulus
ECB governing council member, Pablo Hernandez de Cos, remarks – Capital key is not a constraint in the short-run For bank trade ideas, check out eFX Plus He is referring to the added PEPP stimulus yesterday, which certainly gave the euro a good boost higher in overnight trading with the ECB for once looking like […]