Aussie holds a tad higher ahead of European markets open

Author: Justin Low | Category: News

Major currencies are more calm as we begin the session

WCRS 16-08
The slightly better risk mood in markets is allowing for the aussie to hold mild gains as we begin the European morning. AUD/USD has inched higher, closing in on 0.6800 but holds within a 24 pips range still so far today.

The franc is a little weaker as European equities are expected to rebound at the open later while other major currencies are generally little changed on the day. Despite the calmer mood, USD/JPY is little changed (24 pips range also) as price holds slightly above 106.00.

Looking ahead, there isn't much on the economic calendar to really cause a stir in markets so expect changes in the risk mood to be the key factor once again. As such, be wary of any potential headlines that could possibly impact that.

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