EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
We saw the Aussie fall by 0.76% overnight on the back of a resurgent USD boosted by the Fed’s outlook for more rate hikes beyond this year as well as the weakening of EUR over worries about the Italian budget. The AUDEUR edged slightly higher given the greater rate of decline on the EURO.
With the public holiday in next Monday, the Aussie could potentially have a quiet start in the next week as investors await the RBA rates decisions released on Tuesday which is widely expected to remain unchanged.
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