FX was generally quiet in Asian and European session trade today with most of the pairs contained to narrow ranges as low volatility conditions persisted.
In Australia, the release of the RBA minutes caused a flutter in Aussie as the text came in dovish with monetary authorities agreeing that a 'case could be made' for a rate cut at the November meeting. This was prior to the poor employment data which only added to the argument for easing.
However, the RBA is also clearly concerned with the lim…
In Australia, the release of the RBA minutes caused a flutter in Aussie as the text came in dovish with monetary authorities agreeing that a 'case could be made' for a rate cut at the November meeting. This was prior to the poor employment data which only added to the argument for easing.
However, the RBA is also clearly concerned with the lim…