- 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