Markets search for direction, as peace negotiations continue in Switzerland, between Iran and the USA. No major economic data releases were forthcoming and reads on inflation will be largely ignored, now the energy crises is seemingly over. The US Dollar remained bid, with the EUR trading 1.1420, while the GBP held above 1.3200.
Commodity currencies struggled under the resurgent reserve, with the NZD falling back to 0.5700, while the AUD tests the downside of ‘Big Figure’ 0.7000. The Yen remains in dangerous territory, trading well above 161.00, looking ripe for Bank of Japan intervention.
