Both AUD/USD and NZD/USD have been weak all session, the AUD particularly so. Both are just above session lows.
We’ve had the Australian MYEFO today, with expanded deficits forecast. There has been only a minor impact on the AUD/USD since the announcement. Of course, there is the criminal incident still taking place, with a siege situation in central Sydney. The RBA Sydney building is very close by, but the bank is operating as normal. Some local businesses in the vicinity, including banks, have shut for the day, of course.
AUD/USD still looks quite heavy:
I heard this played live on the weekend, a very beautiful piece:
