Emerging markets rally continues on ECB day, EU rates have not moved much but the risk rally is pushing on. From Asia to Latam Emerging Martens currencies have all shown some strength at least and equities have fared even better. The rally in commodities have ignited the overall positive mood along with China, commodity currencies are still strong AUD and CAD pushing long term levels, NZD has seen some weakness on monetary policy. XAU has seen some profit taking on better risk appetite and relatively higher US rates. ECB at the end of the day will call teh shots today but they are widely expected to deliver after the disappointment in March.
