Another very quiet 24 hours in the FX market and all of the major pairs seem to be trading exactly where they were at the beginning of the trading week.
The AUD has been unable to move despite retail sales data and the RBA, so we shouldn’t hold out too much hope that the GDP numbers today will move the market. AUD/NZD has made another mini-move higher and the next psychological milestone will be to close above 1.1000.
The EUR and GBP are in holding mode ahead of tomorrow’s central bank decisions.
The JPY is still grinding lower in quite heavy trade but is also inside well-defined ranges against most of the other majors.