US FX Handover: Quiet Day Concludes, Traders Look Ahead to Powell

  • With little in the way of economic data released and minimal movement on the market’s biggest geopolitical concerns (US-China trade war and Iranian), FX markets were generally quiet in today’s US session.
  • The Aussie was the strongest major currency today after the surprise (majority?) victory for Australian PM Scott Morrison.
  • The US dollar was the day’s weakest major currency as Fed speakers stuck to the recent script. Chairman Powell will take the stage to update his thoughts at 7:00pm ET (0:00 GMT).
  • Oil (WTI) ticked up less than 1%, while gold held steady.


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