A$ Continues Rally Approaching Resistance

Aussie has strengthened against the greenback and European currencies following a stronger CNH fixing which weighed on the USD (USD index -0.1%) and generally positive equity sentiment. AUDUSD is 0.2% higher at 0.6568, down from the intraday high of 0.6578, its highest since early August and approached resistance at 0.6582, a Fibonacci retracement.

• AUDEUR is up 0.1% and is hovering around 0.6000. AUDGBP is 0.1% higher at 0.5248. AUDJPY is steady at 97.26, off the intraday low of 97.18. AUDNZD is 0.1% lower at 1.0851.
• Equity markets are generally stronger with the ASX up 0.2%, Hang Seng +1.3% but Nikkei is down 0.3%. The S&P e-mini is 0.1% higher. Oil prices are down 0.2% and Brent is holding just above $82/bbl. Copper is up moderately and iron ore continues to climb and is above $133/t.
• Later the FOMC November meeting minutes are published. There are also Chicago and Philly Fed indices, October US existing home sales and Canadian CPIs. The ECB President Lagarde and Board member Schnabel speak.