AUD leads the way following relief rally post-RBA decision
The lift in the aussie is also indirectly helping to move the kiwi higher on the day as well with the latter now trading near session highs against the dollar. Other major currencies remain rather tepid on the day. Although the euro is lagging behind, it is trading in a 25 pips range against the greenback so far today.
Meanwhile, the other major currencies are rather unchanged against the dollar as we move into the European trading session.
Some market themes to consider in the day ahead:
- North American markets are back, added liquidity to come in trading later
- Global trade tensions are a little quiet but sentiment is still fragile
- NAFTA talks set to resume tomorrow, may have some headlines later
- Ongoing Brexit back and forth still playing out
- Italy's budget worries are still rocking the boat in Europe
- Emerging markets are still suffering, although quiet start to the day so far
