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AUD Surged Amid Risk-On Tone

Xero Capital Markets Ltd.

IMG-20200929-192844-483


During Asian session, the market mood is slightly risk-on with Asian stock traded mixed, mixed yields, lower volatility, and weaker in safe-havens.

In FX markets, AUD is leading across the board, as economists pushing back expectations for a rate cut to November from next week.

Meanwhile, GBP remains supported by hopes for a breakthrough in the Brexit negotiations before the October 15th deadline.

On the other hand, JPY being pressured amid ongoing recovery in risk sentiment compared to last week.

In the European session, the analysts expect the risk tone remains optimistic, with the markets to continues to push back against RBA easing expectations for next week, and AUD to remain supported.

Xero Capital Markets Ltd. Review

Source: https://monsun.asia/2020/09/29/aud-surged-amid-risk-on-tone/
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