Flash: Quiet before the storm – TD Securities

FXstreet.com (London) - Research teams at TD Securities say that trading is a little calmer after some of the big moves seen in the past couple of days, but the risk-off mood prevails, with the commodity bloc currencies under-performing amid softer commodity prices and further losses in overseas stock markets.

Adding that April US durable goods are expected to claw back some of the big drop seen in March (we look for an above-consensus outcome today, see over) but, with a long weekend in the US pending, price action may not pick up too much before the close.