The Australian dollar is in danger of taking the gold medal for Asian time zone volatility today.
On a 25 point range.
Sad.
We've had consumer sentiment data today, which was also sad:
AUD lost a little on this and the gentle weakness persisted through to circa 0.6755. AUD/USD edged toward 0.6565 and dipped a few points after the RBA release:
The response to the RBA release was not sustained, unsurprisingly as it was pretty much a nohitng burger with zero new information.
Since then we've had AUD back to (briefly) above 0.6780. Some slight stimulus indications from China:
As background to the session were comments from BHP CEO earlier indicating demand, on BHP's books anyway, remains solid in China:
