The AUD has remained quite active on the crosses over the last 24 hours as we wait for a debt-deal announcement out of Washington. Yesterday’s RBA meeting minutes suggested that a rate cut might still be possible but there is no rush, and this caused the AUD to rally across the board. Heavy topside option barriers in the AUD/USD stalled the bullish momentum. Not much of note on today’s economic calendar so we sit and wait for the US.
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