Published at 13:49 (GMT) 01 Oct
US stocks are enjoying another positive day, so this helps EUR/USD with its push north. We are still hearing plenty of selling interest at current levels however, and despite a range of 'decent names' seen buying EUR across the board today, progress towards 1.2959 (Friday's high) is pretty hard going.
AUD/USD gains were always going to be a struggle under the circumstances, and it now seems the market is erring on the side of a 25bp cut by the RBA in the Asia/overnight session ahead. The S&P is currently up 7-8pts on the day, though we do not expect any rampant gains in a week featuring both the FOMC minutes as well as payrolls - on Thursday and Friday respectively.