Overnight Position

Thanks to optimistic geopolitical developments and the Fed taking action to support lending markets, USD loses its early lead as risk sentiment shifts very positive into the weekend.

With a lack of major catalysts schedule for the rest of the Monday session, we’re checking out AUD/JPY to play today’s overall gloomy sentiment. 

With a lack of major catalysts from NZ, the Kiwi had a relatively quiet week. It’s movements were mainly tied with counter currency and global risk sentiment flows for a mixed performance result.

U.S.-China trade anxiety & weak AU economic updates had the Aussie under pressure, but news sentiment flipped in favor of the Aussie to help close the week as a net winner.