Next 24 hours: Return of the US Dollar
Today’s report: Australian Dollar Tanks, Yen Extends
If there were any doubts over the RBA’s mandate, there certainly weren’t any after the central bank’s policy decision early Tuesday, in which it slashed rates 25bps to another record low of 1.75%. Focus shifts to UK manufacturing PMIs, Eurozone producer prices, the GDT auction and some central banker speak. Keep an eye on the Yen as well. read report