Volumes light ahead of RBA Rhetoric
Tuesday 21st Februay
The Australian dollar traded in a tight 25 pip range for a conservative start to the week as the annual Presidents Day holiday produced low liquidity in the markets. Opening Monday morning at 0.7765, The Australian dollar topped out at 0.7690 and could potentially test the 0.77 handle once again this week. With domestic data light on, the spotlight turns to central banks as investors look for any change in monetary stance by the RBA in today’s policy minutes release along with the FOMC on Thursday. The Australian dollar opens this morning at 0.7685 against its US counterpart.