The greenback is pressured in Asia today, higher than expected Chinese PMI data saw regional equities firm and US Equity futures pared early losses weighing on the USD.

• Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD prints at $0.6215/20, ~0.5% firmer today. The pair was pressured in the initial aftermath of weak Australian data, however losses were pared as risk appetite grew post China PMIs. The 20-day EMA at $0.6266 presents the next upside resistance.
• AUD/USD is ~0.3% firmer, printing $0.6750/55. AUD was pressured in the immediate aftermath of softer than expected Jan CPI and Q4 GDP. Support came in below $0.67, and the pair extended gains rallies in regional equities boosted risk flows. The pair sits a touch below yesterday's high at $0.6757.
• Yen is softer with risk-on flows marginally weighing. USD/JPY has observed a narrow 30 pip range and moves have been limited for the majority of the session.
• EUR and GBP are benefitting from the greenback weakness, both are ~0.2% firmer.
• Cross asset wise; S&P500 futures are flat having been down as much as 0.3%, and the Hang Seng is ~3% firmer. BBDXY is ~0.1% softer, US 10 Year Treasury Yields are ~1bp firmer.
• In Europe today regional German CPI and European Manufacturing PMIs headline. Further out US Construction Spending and the ISM Manufacturing Survey will cross.