See the latest Australian dollar analysis here:
A mixed start to the trading week here in Asia with only the ASX200 pulling back in response to the small selloff on Wall Street on Friday night, as the rest of the region continued higher. The PBOC fix of the Yuan saw it strengthen a lot in offshore trading, down to 6.90, reaching a six month low while the Australian dollar continued to lift in response to the poor US jobs report on Friday night.
The Shanghai Composite advanced slightly, currently up nearly 0.3% to 3100 points and taking back its Friday losses, while the Hang Seng Index has made a new daily and weekly high, up nearly 0.9% to 28889 points, still very well supported:
Japanese share markets are closed again for a long weekend while trading in Yen has obviously been less volatile than usual with the USDJPY pair almost recovering its mild losses from Friday night, almost back to the 2019 highs:
The ASX200 was the worst in the region, pulling back after recently making a new record high by closing 0.4% lower to 6903 points. The Australian dollar is mainly to blame, having advanced on Friday and then some more over the weekend to gap high and stick right above the 69 handle in what looks like a classic long swing trade:
Both S&P and Eurostoxx futures are suggesting a small recovery tonight, keeping prices near the previous record highs but not yet overbought enough to embiggen a new rally:
The economic calendar is always quiet following the US jobs report so its mainly tertiary level releases tonight.