RBA October Forex transactions:
Market 389m (prior 910m)
Government -487m (prior -1017m)
Other 114m (prior 115m)
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We keep watching this data for signs of RBA confirmation of intervention.
Just.
Not.
Happening.
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Meanwhile …
AUD is edging just a few points higher as the USD/JPY has come off after the narrower trade deficit and the strong performance of exports (data is here)
