"The US dollar is up against all G10 currencies on the day, helped by a bounce in yields after the US-China trade truce and by the relative outperformance of US vs global PMIs. EUR/USD fell from 1.1360 to 1.1280, with dovish ECB comments from new chief economist Lane contributing.
USD/JPY extended its Sydney session rally to around 108.50, up 0.6% on the day. AUD/USD performed poorly ahead of today’s RBA decision, falling from 0.7030 early Sydney to 0.6990 then lower again in NY, to just under 0.6960. NZD/USD also reversed sharply, falling from 0.6720 to 0.6665. AUD/NZD continued to probe lower, touching 1.0427 – a three-month low