AUD and NZD make decent gains on the crosses

Hate to keep harping on about it but this very slow-burner of a trend is likely to continue. The Big 3 (USD, EUR and JPY) will continue to lose value as long as their only policy option is to keep printing and the second-tier currencies become a much more viable store-of-value for real money players. The AUD, NZD, CAD and NOK will continue to attract inflows over the medium term and I still believe it’s a matter of being patient in the short-term and waiting for some attractive entry levels.

It’s likely to be quiet again in Asia with only minor NZ, Australian and Chinese data on the calendar.