Wednesday Wrap

From vantagefx.com

The Aussie Dollar sits top of the Forex Majors leader-board, ripping 100 pips on the RBA’s lack of easing bias following yesterday’s decision to leave interest rates on hold at 1.75%. The central bank’s return to neutral is the typical ‘wait and see’ approach from Stevens that we have come to expect. Wait for Brexit volatility to settle, wait for the Fed hike to *hopefully* drop the Aussie, and wait for more on the stubbornly low inflation readings that forced their hand to cut at the last meeting. Speaking of Brexit Risk, Sterling markets are on edge. While official prices and expectations still massively ... (full story)