Its a holiday in Australia's second-largest population city of Melbourne today.
For a horse race.
Not kidding. Melbourne Cup Day.
Australian markets are open as normal but liquidity will be thinned somewhat, especially in the (local) afternoon when everyone gets drunk eyes turn to the race.
Also today is the Reserve Bank of Australia monetary policy board meeting:
- What You Should Know About the Stages of Grief - RBA monetary policy preview edition
- RBA up next. Recent AUD gains built on a shaky foundation - MUFG
- Central banks will have to come up big this week
