Themes

• General mood is “risk off”
• USD remains firm and extends gains in Asia  
• Euro and AUD hit fresh year lows

What’s Moving

After last night’s unchanged Fed and hawkish post meeting comments, the USD has held and extended stronger today in Asia. Best USD gains are being seen against the Euro, which has hit its lowest levels for the year, while the Aussie has also hit fresh year lows.

Other than this and with no major fresh data or events in Asia today the market was relatively quiet.

Tonight’s session sees:

• German GFK Consumer Climate (E: -7.9)
• Spanish Unemployment (E: 14.2%)
• Swiss Trade Balance (E: 5.23bln)
• U.S. GDP (E: 5.3%)
• U.S. Durable Goods (E: -0.6%)
• U.S. Initial Claims (E: 260k)