The short-term AUD market still ‘feels’ a bit short and I think that’s why we are seeing some short-covering ahead of the RBA in just over 3 hours. Retails sales data in 25 minutes will also be unnerving the market.
EUR/USD seems to be taking it’s lead from USD/JPY and AUD/USD and is once again not too far away from recent range highs at 1.3385.
