The pair closed in NY Friday at $1.3643 after rate had extended its corrective recovery off earlier lows of $1.3621 to $1.3677 on reaction to release of US NFP. A reversal higher in UST yields saw market move back into dollars and rate eased back to retest earlier lows before recovering though the NY afternoon to $1.3648. With Australia closed, and several European centres also closed for Whitsun, trade through the overnight session was subdued, trade was contained within a very tight $1.3642/48 range. EZ Sentix Investor Confidence at 0830GMT provides the main data interest, with US Fed speakers to provide some interest into the afternoon. Offers remain in place on approach to $1.3680, with strong offers seen close behind at $1.3690/1.3700. Support $1.3620 ahead of $1.3600. Option interest to again have a major influence over tradewith large expiries at today’s NY cut seen at $1.3600 and $1.3650.
