The Aussie dollar was a big mover, having risen to 0.7207 highs on stellar Australian jobs report before falling sharply below 0.7100 levels on Westpac’s RBA rate cut call and amid the latest headlines, citing that the Chinese Dalian port banned Australian coal imports.
Topics in depth
EUR/USD faded the spike to 1.1371 yesterday as the Fed minutes were slightly more hawkish-than-expected. The pair picked up a bid in Asia and could find takers in Europe if the Eurozone PMIs beat expectations, alleviating recession fears.
The GBP/USD pair trades little changed to 1.3050 while heading towards European sessions on Thursday. The pair recently drifted lower on negative news for the Brexit and welcome FOMC minutes.