The Australian dollar finally broke out of range thanks to the RBA accepting the current levels of the Australian dollar. In the US, not everything looks terrible but doubts on a rate hike remain and this helps commodity currencies maintain higher ground. The focus shifts to the safe haven currencies: Germany is looking weaker and we expect some comments from ECB President Mario Draghi.
The Bank of Japan convenes for the first out of two meetings this month. Will they act already now? In the show we expanded our chart views into AUD/NZD, EUR/CAD and gold prices.
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