The CHF remains unstoppable and continues to make new highs against the other majors with the AUD the only other major to make some decent gains. The CHF is benefitting from all sorts of safety plays and this probably won’t stop anytime soon.
The RBA minutes from the last meeting are due out today and they may generate some interest this morning. One of the local Australian banks has been a steady buyer of AUD/USD over the last few days and this would explain why it’s holding up so well. The amounts are not huge but still big enough to drive an illiquid market higher.
Good luck today.
