The AUD/USD is washing back into familiar lows for Monday, trading into 0.6340 as broad-market sentiment turns risk-off. The Aussie (AUD) is down 1.2%
Market sentiment set to be titled to the downside for NFP week. is down 1.2% from Monday's early high of 0.6445 and off of the day's opening bids by around 65 pips. Market flows are broadly favoring the US Dollar as investors get spooked by fears of a global economic slowdown.
Tuesday brings the latest rate call from the Reserve Bank of Australia , which will be tabled by the RBA's new head, Governor Michele Bullock will be making her debut appearance as the head of the RBA, and investors are broadly anticipating the RBA holding rates steady at 4.1%. Australian Trade Balance figures land on Thursday, with the RBA's latest Financial Stability Review on Friday. Friday's action is set to be entirely overshadowed by USThe AUD/USD has fallen back into familiar consolidation for Monday, facing a clean rejection from the 34-day Exponential Moving Average near 0.6450.
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