• USD is softer against most G10 peers overnight, weighed by a disappointing ADP report. 
  • US 10-yr yields dropped alongside, and are near the lowest level since early Feb. (~1.86%).
  • AUD and NZD are the biggest laggards though, with iron ore still tracking lower and the largest m/m drop in Fonterra’s dairy auction since mid-2010 (see NZD). 
  • CAD is at the other end of the spectrum, outperforming with the help of a jump in oil, potentially supported by Iran nuclear negotiations dragging on (WTI up >4%).

The material has been provided by InstaForex Company – www.instaforex.com