Forex Today: AUD smashed on neutral RBA, UK construction PMI eyed

Forex today was a quiet affair ahead of the RBA monetary policy announcement, which sent the Aussie down into the dumps on a neutral bias, outrightly ignoring stronger Aus retail sales data. Meanwhile, the yen gained on resurgent safe-haven demand after North Korea launched an ICBM today. The US dollar regained footing against its major rivals and reverted to 96 handle in the Asian trades.

Looking ahead, we have a quiet EUR calendar, except for the Spanish jobs data, UK construction PMI and Eurozone PPI numbers. Light trading is likely to extend in the day ahead, as the US celebrates Independence Day holiday. Meanwhile, the Canadian manufacturing PMI and NZ GDT price index data will grab some attention in the NA session.

Main topics in Asia

Missile N.Korea fired today fast and higher than an IRBM – Yonhap

RBA keeps rates unchanged, statement disappoints hawks

Two-year treasury yield almost hit 9-year high

Australia’s May retail sales exceeds expectations, RBA up next

Key Focus ahead

EUR futures: a top in place?

GBP/USD: Bears target 1.2900 ahead of UK construction PMI?

GBP/USD Forecast: turning bearish again?

Riksbank to leave its policy rate on hold – TDS


Loading Facebook Comments ...

Leave a Reply