RBA tomorrow: Futures market pricing in 90% liklihood of a 25bps cut
We should be in for a busy day tomorrow here in Asia, in fact the whole week should be busy. No reports yet of any reserve manager buying in the AUD but AUD/JPY seems to be taking up the slack, hanging tough despite poor Australian domestic data and the rate cut story.
That’s it from me for today, the European open looks uninspiring so I’ll take an early one (along with the Aussie cricket team 🙂 ). Catch you tomorrow++