Volatility remains low, markets are generally quiet even as there is building focus on oil prices (WTI has rallied up to $106 and Brent up to $112) on the back of security concerns in Iraq. In FX, several currencies are threatening an upside break of recent ranges, including CAD and AUD; while NZD has rallied 1.5% after the RBNZ hiked rates and kept its forecast for OCR rates unchanged.
Read the full report: FX Daily