USD was mixed overnight: softer against safe havens (JPY, CHF); firmer against GBP, AUD and relatively muted against EUR, SGD and THB. Commodity prices including oil, base metals and iron ore fell. With Ch

GBL: Awaiting Fresh Catalyst

Global Markets Daily by Saktiandi Supaat

FX Research

USD was mixed overnight: softer against safe havens (JPY, CHF); firmer against GBP, AUD and relatively muted against EUR, SGD and THB. Commodity prices including oil, base metals and iron ore fell. With China, HK, TW onshore markets closed for tomb sweeping day, RBA is the only key focus today (1230pm SG/KL time). Expect USD/Asia to consolidate in recent ranges. We are biased for USDJPY downside (short term) ahead of Xi-Trump meeting (6-7 Apr) in light of potential trade and currencies tensions.