FOREX: Greenback Marginally Pressured In Asia

The USD is marginally pressured in Asia, however ranges remain narrow across the G-10 space.

• AUD is the strongest performer in the space at the margins. AUD/USD is ~0.2% firmer and last prints a touch above the $0.65 handle. The pair firmed off session lows after the PBOC cut 2 key policy rates and a weaker than expected WPI as risk sentiment improved through the session.
• Kiwi is also ~0.2% firmer, however ranges remain narrow and NZD/USD sits well within recent ranges.
• Yen is little changed from opening levels, there was a muted reaction to the stronger than forecast Q2 GDP print and USD/JPY respected a ¥145.30/60 range for the most part.
• Elsewhere in G-10, EUR and GBP are marginally firmer and SEK is lagging however liquidity is generally poor in Asia.
• Cross asset wise; e-minis are ~0.2% firmer and US Tsy are little changed across the major benchmarks. BBDXY is ~0.1% lower.
• UK Employment data for June provides the highlight in today's European session.