USD/CAD aims to revisit 50-day SMA amid weaker USD
Declines to the intra-day low near 1.3320 by USD/CAD, ahead of Europe open on Monday.
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USD/JPY near Friday’s highs in Tokyo
On Friday mood was positive following the positive China Credit and trade data. M2 money growth rose to 8.6%.
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Yield spread rises 6 bps because of AUD/USD turns positive, Focus on today’s close
Tracking the rise in the spread between the AU-US 10 year government bond yields and because of this AUD/USD pair seems to have picked up a bid.
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Yen near this year’s lows as risk appetite improves
The yen hovered near its lowest level this year on Monday as more signs of stabilization in the Chinese economy and an upbeat start to the U.S. earnings season prompted investors to abandon the safe-haven currency to seek higher returns elsewhere.
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