Overnight Markets:

A round of comments from RBNZ Governor Orr was enough to place the kiwi atop the G10 pile. Mr Orr poured cold water on the potential for deploying unconventional monetary policy tools and praised the impact of a larger than standard OCR cut delivered by the RBNZ in August. He added that NZ is in a good position to face challenges & seize opportunities in the present environment.

DXY receded in the wake of yesterday's surge, which was reflected in USD landing at the bottom of the G10 pile. With little in the way of potential drivers on the news wires,the move can be seen as a corrective pullback.

Risk-sensitive JPY & CHF on one hand and AUD & CAD on the other traded mixed, as investors weighed revived hopes for progress in U.S.- China trade negotiations against a well-documented array of persistent uncertainties elsewhere.

FX Relevant Economic Data:

Europe's data calendar remains quiet Thursday with Sweden's Economic Tendency Indicator the highlight of the day. In the US the publication of GDP figures at 1330 BST will be closely watched. At 1600 BST the release of the Kansas City Fed Manufacturing Index is worth noting.

Forex Daily Performance

Dollar Index Chart