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Antipodeans Recovered Amid Risk-On Tone

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During Asian session, the risk tone has turn to risk-on with Asian shares traded mostly positive, higher yields, and weak in safe-havens.

In FX markets, the antipodeans currencies have been recovered from recent losses amid risk-on tone, with AUD became the strong against other major followed by NZD. Meanwhile, USD pressured with DXY was trading mostly sideways. NZDUSD is testing yesterday’s high, while AUDUSD continues to grind higher.

In the Europe session, given the lack of tier one data for the final trading day of the week, the analysts expect the risk tone continues to lead risk-on, with high-beta currencies are likely to remain supported, while safe-haven currencies are likely to remain pressured.

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