- AUD rallied sharply after RBA Stevens speech which suggested to many that rate-cutting cycle is over.
- G7 and G20 spent lot of time discussing Japan’s Yen policy- Stevens.
- AUD/JPY was main intraday mover, up from 95.25 to 96.35.
- GBP also triggered more trailing stops against the USD and the EUR.
- Regional stocks were mixed, Nikkei +0.7% but Shanghai and Sydney lower -0.7%.
- Gold $1585/oz.
