The aussie has been the most active in a quiet Monday morning session so far on the back of better than expected official China manufacturing PMI on Saturday. Coming up tomorrow we’ve got the RBA policy board meeting, no change in rates is the market expectation. I agree, expect rates to remain on hold this month.
For today, on the topside:
- Sellers 0.9663/70
- Sellers 0.9640/50
Downside:
- Buyers initially 0.9570/75
- Better buying 0.9545/53
