The aussie is topping the bloc, boosted by better than expected Chinese data
The AUD is leading the day after manufacturing PMI data for China posted a better than expected reading in the Asian session. That also helped to pull up the NZD along with it.
Meanwhile, the Chinese yuan is holding onto gains after the PBOC strengthened the yuan at the fix today - it's the strongest fixing for the yuan since September 2017.
Other major pairs mainly traded sideways to start off the year. Here's some of the ranges for today as we await European traders to come in later:
- EUR/USD: 19 pips
- USD/JPY: 20 pips
- GBP/USD: 21 pips
- USD/CHF: 17 pips
- USD/CAD: 28 pips
- AUD/USD: 48 pips
- NZD/USD: 69 pips
The dollar is mostly down against the major bloc, only the Japanese yen is worse off on the day. As a reminder, Japanese markets are closed today - and tomorrow as well, they will only reopen back on Thursday.