It has generally been a fairly quiet session in the absence of the US, where it has been a public holiday although the US$ remains under some mild pressure as risk assets remain firm on hope of progress in the trade negotiations between the US/China. Having said that, both the Aud$ and the Nzd$ ended the day by trading towards session lows albeit that these were fairly narrow.
In other markets, Gold rose by 0.4% to reach the highest level since April 2018 (1327), while WTI also moved higher, by 0.85%, to reach its highest level in 3 months (56.64).
Tuesday is going to have another relatively thin calendar although traders will pay close attention to the RBA Minutes, for further clarity on where/when the next interest rate move might be. Europe will look to the German/EU ZEW Economic Sentiment Survey and the UK Unemployment data (exp 3.9%, +2.4K), but that will be about it. The Global Dairy Trade Index is due around midday in London but there is nothing to come from the US apart from the NAHB Housing Market Index. Oil traders should look out for the weekly API Weekly Crude Oil Stock Inventory..
Economic data highlights will include:
Tue: RBA Minutes, EU Current Account, Construction Output, German/EU ZEW Economic Sentiment Survey, UK Unemployment, NAHB Housing Market Index, Global Dairy Trade Index
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