NY Open: Watching paint dry
Traders are on tenterhooks ahead of the release of the latest FOMC meeting minutes later today. They shouldn't bother. Fed board members have repeatedly flown the dovish flag in recent days, so why expect surprises?
Head of FX Strategy
Summary: The USD weakness in the wake of the FOMC meeting fizzled a bit into today’s trading and the US jobs report hasn’t done much to clarify the situation as we await the daily and weekly close levels and look forward to a busy week for AUD on Tuesday’s RBA meeting.