Indonesia Exports increased to -8.46% in April from previous -9.75%

The US Dollar garnered a modest flip to the upside along a low key Asian session, with a virtually empty calendar not lending any support to stimulate prices. Despite an uneventful calendar, an announcement by NZ Fonterra cutting its 12-month forecast on GDT offer volumes/milk powder resulted in some brief action in the Kiwi/Aussie, down over 30/40 pips before a tepid correction.