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AUD/USD Edges To Fresh YtD High And Eases Off Ahead Of RBA SoMP

FOREX

Little in the way of meaningful fresh catalysts has resulted in a muted start to the Asia-Pac session, with G10 FX holding tight ranges. USD/CAD showed above yesterday's highs, amid continued concern over Canada's trade tensions with the U.S. AUD/USD also made a cautious foray above yesterday's best levels, printing a new YtD high as a result, but failed to cling onto gains and eased off.

  • Focus moves to the RBA's SoMP & RBA Asst Gov Ellis' comments on it, Chinese trade data (Germany & France report theirs later in the day), U.S. NFP report and the Canadian counterpart, German, French and Norwegian industrial outputs, as well as comments from Fed's Rosengren.

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