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Good day, everyone! Hope you're all doing well as we get things going here on the session. It's been a lively start to the day as markets are looking more cheerful, after the US says it will ease up on Huawei sanctions for the time being.
But in the currencies space, the dollar is holding firm as it advances against the rest of the major bloc while the aussie is the laggard after a mixed day of trading. The currency gained after the APRA stepped up efforts to bosot the housing market, but then fell after RBA governor Philip Lowe laid the groundwork for a rate cut in two weeks' time.
There's a hint of cautious optimism in markets but as seen yesterday, things can quickly all go away on the back of one or two minor hiccups. Hence, just be wary of more headline risks as trading sentiment continues to focus on the ebb and flow today.
What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.