Forex Today: Greenback steady and Aussie traders eye Chinese PMIs

• Forex today was mixed with the greenback oscillating within familiar territory around the 98 handle in a tight range while the Aussie took the top spot following a risk positive start to the week on the back of the Chinese data from over the weekend. 

 China's strong industrial profits in March matched with strong credit growth was well accepted by markets which helped lift global stocks, despite data misses in the EZ. Profits at China's industrial firms jumped by 13.9% year on year in March. This enabled US equities to add to gains and print fresh record highs, lifting bond yields which took the US 10yr treasury yield up from 2.50% to 2.54% while the 2yr yield climbed from 2.28% to 2.31%, despite subdued PCE inflation data - The core PCE deflator was flat for the month and up just 1.6% over the last year against 1.7% expected.

Currency action:

• AUD moved higher between 0.7040 and 0.7060. 
• EUR/USD clombed from under 1.1150 to 1.1185. 
• GBP/USD moved fractionally higher, to around 1.2935. 
• USD/JPY popped from 111.60 to 111.90. 
• NZD was sideways between 0.6655 and 0.6680. 
• AUD/NZD rose from 1.0560 to 1.0590.
• USD/CAD was weighed by WTI popping, moving from 1.3478 to 1.3440. 

Key notes from US session:

Wall Street bulls taking the lead at the start of a jam-packed week ahead

Key events ahead:

When are Chinese PMIs and how could they affect the AUD/USD?