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Modest Risk Aversion Materialises

FOREX

The yen leads gains at the margin as a light risk-off feel has taken hold in G10 FX space, with commodity-tied currencies lagging behind. The greenback continues to trade on a slightly heavier footing. Major FX crosses have generally respected tight/familiar ranges.

  • The RBA will publish the minutes from its most recent monetary policy meeting this morning. While markets will be keen to receive further guidance re: the cash rate trajectory, it is unlikely that the RBA will be forthcoming with such information.
  • The global data docket features U.S. retail sales & industrial output, flash EZ GDP & UK jobs report. There is plenty of central bank speak on tap, including from Fed & ECB chiefs.
Energy BulletsCommodities
Energy BulletsCommodities

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