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Risk-On Continues To Lead The Market

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The market mood remained risk-on, with European shares traded higher across the board, higher yields, lower volatility, and safe-havens are weaker.

In the FX markets, AUD is benefiting the most from the risk-on tone, with AUD/USD traded well above 0.7300, following by NZD.

On the other hand, USD is the weakest, with DXY index continues to record fresh daily lows in the European session. EUR/USD tries to break 1.900 levels to the upside, while GBP/USD traded around 1.2900 levels.

In the New York session, the analysts expect the overall risk tone to remain positive, with AUD and NZD to remain strong, while USD to remain pressured.

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