Forex Today: Kiwi drops further on RBNZ’s status quo, EU Summit – Key

As it stated in The Kiwi was unperturbed by a recovery in risk appetite, as the RBNZ's status-quo underscored the monetary policy divergence and dragged the rates further to 25-month lows. Trump vows US will finish 'trade war' it didn't start - LivesquawkLivesquawk reports the latest comments delivered by the US President Trump, as he vows that the US will 'finish' the trade war it didn't start. Reserve Bank of New Zealand to make monetary policy announcements on Wednesday in 2019The Reserve Bank of New Zealand (RBNZ) is out with a statement, announcing a shift in the timing of the monetary policy decisions from 2019. Besides, the speeches by the BOE Chief Economist Haldane, FOMC members Bullard and Bostic are scheduled at 1330 GMT, 1445 GMT and 1600 GMT respectively. The European leaders are scheduled to meet in Brussels today to resolve their differences over the bloc's three-year migrant crisis.

Forex Today: Antipodeans cheer better data, weaker US dollar, eyes on UK services PMI

Among the G10 currencies, the Aussie continued to lead the show, followed by its OZ neighbor Kiwi, as upbeat Australian retail sales and China services PMI data underpinned the sentiment. Australia's trade surplus unexpectedly shrinks to AUD 827 mln in MayAustralia's trade surplus shrunk to AUD 827 million in May from the April surplus of AUD 977 million, according to Australian Bureau of Statistics (ABS). China's Caixin services PMI rises to 53.9 in May, a big beatChina's Caixin services PMI for June came in at 53.9 vs 52.7 exp and 52.9 last, which showed that Chinese business activity continued to expand at the end of the second quarter. Key Focus aheadWe have a busy EUR calendar for today, with a slew of services PMI reports slated for release from the Euro area economies from 7.15 GMT onwards. The UK services PMI report will be also eyed, with an unchanged reading of 54.0 expected in June.

Forex Today: USD on the back foot in quiet Asia, eyes on Carney speech, Fed minutes and tariffs deadline

As it stated in However, the Kiwi held onto minor bids near 0.6770 levels while the Euro consolidated yesterday's ECB headlines –led rally near mid-16s. The main focus today remains the minutes of the FOMC June meeting, which offer fresh US dollar moves. All eyes also remain on the looming Friday's tariffs deadline, as China will implement tariffs on $34 bln worth of US goods from July 6 midnight Beijing time, i.e, 1600 GMT later today. FOMC Minutes in the limelight today - Nordea MarketsOn Thursday, the minutes of the most recent FOMC meeting will be published and will be a key release for markets, according to analysts at Nordea Markets. Key events coming up: eyes on FOMC minutes - TDSAnalysts at TD Securities, (TDS), noted the forthcoming risk events to take note of.

Forex Today: Yen bid on risk-off, Aussie unmoved by RBA, UK construction PMI in focus

The Japanese Yen remained better bid near 110.80 against its US counterpart, having tested the 111.15 area. The AUD/USD pair remained suppressed near 0.7330 levels, as the status-quo maintained by the Reserve Bank of Australia (RBA) had virtually no impact on the Aussie. Oil prices outperformed amidst risk-off, as Libya declared a force majeure on some of its key oil facilities. The UK construction PMI is expected to arrive at 52.0 in June versus 52.5 last. Besides, the European Central Bank (ECB) Chief Economist Peter Praet is due to make a speech at 1600 GMT.

collected by :John Locas