The US dollar was under pressure this morning, weighed by growing expectations the Federal Reserve would shift to a more accommodative policy stance this week and concerns about slower U.S. economic growth.
Closer to home, the Aussie slipped across the board after the Reserve Bank of Australia minutes and housing numbers raised difficulties for the Aussie buyers. Australia’s 3-year Government bond yield dropped below the RBA’s official cash rate of 1.50 percent for the first time since 2016.
Looking forward, traders may now concentrate on risk sentiment to determine immediate market moves. Among them, Brexit, US-China trade talks and expectations surrounding Federal Open Market Committee could grab the headlines.