FOREX: NZD/USD Circling YTD Lows as Trump Unnerves Risk

Chancellor of the Exchequer Rachel Reeves begins her speech centred on gov't efforts to boost economic growth in the coming minutes. A live stream of the event at a Siemens plant in Oxford can be found here. Reeves: “For too long potential has been held back. For too long we have accepted low expectations and decline.”

• Reeves: "We have begun to turn things around".
• BBC reports on some of the measures expected to be announced: "The chancellor will focus on plans aimed at "unleashing the potential of the Oxford-Cambridge growth corridor", creating a "Silicon Valley of Europe" -[...] She will also announce an agreement with water companies "to unlock £7.9bn in investment" for the next five years, aimed at improving water infrastructure - including the building of nine new reservoirs.[...] It will also announce its plans to review the "Green Book", which is used to evaluate big investment projects, "in order to support decisions on public investment across the country", including outside London and the south-east The BBC understands that Reeves is expected to back Heathrow expansion plans, in a move to encourage a planning application for a third runway at the airport."

Of note:

EURUSD 4.45bn at 1.0400/1.0500.

USDJPY 1.42bn at 155.00.

USDCAD 1.29bn at 1.4500 (a little far).

EURUSD 1.05bn at 1.0400/1.0405 (thu).

EURUSD 1.64bn at 1.0400 (fri).

EURUSD 1.8bn at 1.0400 (mon).

AUDUSD 1.59bn at 0.6275 (tue).

• EURUSD: 1.0375 (384mln), 1.0400 (948mln), 1.0420 (225mln), 1.0430 (859mln), 1.0450 (668mln), 1.0460 (230mln), 1.0475 (269mln), 1.0500 (1.25bn).
• USDJPY: 154.50 (410mln), 154.75 (700mln), 155.00 (1.42bn), 156.00 (544mln).
• USDCAD: 1.4500 (1.29bn).
• AUDUSD: 0.6220 (581mln).
• NZDUSD: 0.5625 (320mln).
• AUDNZD: 1.1030 (294mln).
• USDZAR: 18.7500 (440mln).