Aud/Usd is back in the high 0.7000s after shaving the level...

It makes some sense that the Kiwi and Aussie are front-running major currency recovery gains vs the Greenback having been amongst the biggest losers when their US counterpart was in the ascendency and DXY reached its 94.601 peak. Nzd/Usd has bounced firmly from yesterday’s low not far from 0.6500 towards the round number above and Aud/Usd is back in the high 0.7000s after shaving the level by a similar margin on Thursday, with some impetus from CBA’s counter view on the RBA holding fire at October’s policy meeting after 2 forecasts for a 15 bp cut. Meanwhile, the US Dollar is consolidating off best levels almost across the board, with the index meandering within a 94.477-186 band ahead of the notoriously erratic durable goods data and 2 scheduled speeches from Fed’s Williams, but still monitoring the broad risk tone for direction after further progress on the stopgap spending bill as the Senate approved the proposal overwhelmingly.