I’d love to be posting more about the politics in Australia and the leadership tussle being played out … IF it was reflected in some volatility in AUD. Well, it isn’t, AUD/USD is basically flat on the day, having had a very narrow range.
There are bids at 1.0350/60.
Offers at 1.0410/20.
Thats the range play at present.
The HSBC PMI was a good result, the AUD reaction was a slight uptick then back to unchanged on the day.
The PM and deputy PM are meeting at present.
AUD market seemingly doesn’t give a rats.
So neither do I.
If anything changes, I’ll let you know.
