Another slow day for major currencies in European trading today ...Middle East

In the equities space, the mood music is also rather tepid and that's not leaving much for currency traders to work with as well. The overall risk mood this week remains cautious with investors keeping a close eye on Fed chair Powell's speech tomorrow instead.

Here are the changes on the week so far for dollar pairs:

EUR/USD: -0.4%USD/JPY: +0.4%GBP/USD: -0.5%USD/CHF: -0.1%USD/CAD: +0.4%AUD/USD: -1.2%NZD/USD: -1.5%

Outside of the aussie and kiwi, you could easily mistaken the changes as part of being what one day could possibly bring. The main drag for the antipodes comes amid a more defensive risk mood but also as the RBNZ surprised with a more dovish tilt yesterday.

This article was written by Justin Low at investinglive.com.

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