US Dollar is retreating back from the recent highs seen last Monday. Monday’s highs stopped once again around the 95.50 level on the US dollar index (DXY), a horizontal resistance that has been containing any price moves higher practically since last June.

The USD was seen moving lower over Tuesday and also this morning, as the subject of US-China trade tensions took the backseat and its effect on the USD gradually faded away.

Meanwhile US close was positive, after a stronger-than-expected corporate earnings season re-kindled investor hopes for US stocks. All major US equity indices closed in positive territory on Tuesday.

In Asia so far this morning it was a mixed picture, although most of the major indices were higher with the exception of the Japanese Nikkei and the Chinese Shanghai index.

The economic docket looks relatively quiet today, and no major high impact data is expected. Late this evening the RBNZ is however expected to anounce its latest policy rate.