It has been a mostly dull session in currency markets ahead of the US Thanksgiving Day long weekend with the exception of the Aud which took a leap higher after the RBA Governor; Philip Lowe hinted that the next rate move is likely to be higher. Other currency pairs have been rangebound, as have the metals and oil. Stocks took a leap to new all time highs lifted by technology and healthcare shares, which were boosted by bullish results from medical device maker Medtronic.
Wednesday should be mostly quiet until the US session, when the October Durable Goods Orders (exp +0.3%), Michigan Consumer Sentiment Index (exp 98) and the FOMC Minutes will be released. Ahead of that, the calendar is a little thin, with just the Australian Construction Work Done to be released in Asian time, while Europe will look to the UK Autumn Statement and the Minutes from the ECB Non-Monetary Policy Meeting for guidance. Note that Janet Yellen is going to be speaking in the late Tuesday US session, coming up shortly.
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|ASX SPI: 5994|