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
Key Focus ahead