EncoreFX’s daily market updates are written by our experienced and professional dealing team.
Author: Dennis Li
After the RBA minutes released yesterday we saw the AUD continue to edge higher above 0.7100 against the USD, and rising US stock markets reflected an improved risk appetite. All the three main Wall Street indexes each rose more than 2% on upbeat earnings from some major blue-chip companies. The US dollar index (often referred to as a basket of U.S. trade partners’ currencies) was little changed on Tuesday while markets await the minutes from the Fed’s September meeting released at 6am Sydney time .
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