RBA Keeps In Action and Eyes on Major US Presidential Election Event
If we have a look at the Economic Calendar there is a quiet day for the economic events. The RBA is in seems in early action due to the US Presidential Election that considers as the major event.
In the Monetary policy, the RBA seems in Action later in the morning everyone has kept their eyes on Voting Election. Expect the results have a material impact on the market risk sentiment that affects the outcome. Let’s have look at the Majors the Japanese Yen was seemed down at the level by 0.03% against the US dollar. The Australian Dollar was flat at the level by the level of $0.7055 with the Kiwi Dollar up by 0.05% to the Level of $0.6635.
On the other hand, the EUR in the hands of the US presidential Election the suggestions of another surprise for the Trump victory are likely to support the EUR. The EUR was traded flat at the level by $1.1641.
Let’s Predicted the Pound reaction to Presidential Election the Trump victory put the Pound In Positive that continues the talks a Biden Victory is expected to leave the Johnson and the Brexiteers on a weaker footing
The Lack of the states the Loonie is in the hand of the market to the risk sentiment and crude oil prices. The Trump victory should provide the crude oil and the Loonie support to limit any upside. The Loonie was traded down at the level by 0.03% to $1.3321 against the US Dollar.