The Dollar majors have been trading within yesterday’s ranges, lacking fresh leads and with market participants keeping a weather eye on how developments from this era of tariffs and sanctions will evolve. EUR-USD has been making time in the upper 1.1300s while USD-JPY has been lodged in the upper 110.0s. Stock markets have remained stable, and the PBoC lifted the Yuan’s at the fixing today, which prompted a bid, albeit modest, for the Australian Dollar. AUD-USD lifted about 25 pips in posting a 0.7280 high before turning lower, leaving yesterday’s four-day peak at 0.7286 unchallenged.
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