AUD/USD is stuck in the middle of a tight 1.0230/70 range and the release of the meeting minutes hasn’t changed anything. Looks like the volatility might be done for the day unfortunately.
Sean
Mr Market cannot seem to make up its mind about the AUD at this time. If it had priced the next rate cut as the last one, AUD should have moved up. It appears the market may be worried about more interest rate cuts .
You were right, Sean. This is turning into a real snoozefest. Hopefully, there will be some more volatility in Europe but without any major events expect for the german ZEW, I seriously doubt it
pk
Sean
Mr Market cannot seem to make up its mind about the AUD at this time. If it had priced the next rate cut as the last one, AUD should have moved up. It appears the market may be worried about more interest rate cuts .
PK
Unfortunately pk, Mr Market seems to have lost something and is now a Eunuch 🙂
To be serious, with 90% probability of cut priced in and expectation of another 50bps early next year, I don’t think the mkt can get any more dovish
You were right, Sean. This is turning into a real snoozefest. Hopefully, there will be some more volatility in Europe but without any major events expect for the german ZEW, I seriously doubt it
pk