Good morning, welcome to the start of the FX week – and what’s left of the bedraggled euro after Draghi on Friday
With just the New Zealand market open at this time of the week market liquidity is super thin. With Tokyo out for a holiday today the constraint on liquidity will be just a little longer this morning than usual too. Sydney/Melbourne are in soon and then we await Hong Kong and Singapore.
Price guide, with some early USD strength (just a little) but the AUD/USD and NZD/USD holding in there:
And, again, the usual Monday caveats apply – it is very illiquid and prices can move sharply on not very much at all.
