In the meantime, traders will be left to their own devices today once again. EUR/USD nudged back up above 1.1800 in overnight trading but is facing up against large option expiries at the figure level today. The same is for GBP/USD in its push above 1.3500 this week. But so far today, the aussie is the one posting modest moves after the stronger Australia monthly CPI data earlier here. AUD/USD is up 0.3% to 0.6618 currently. Last week, traders were pricing in ~82% of no change to the cash rate at the RBA's next meeting but that is now up to ~92%.
Looking to the day ahead, there won't be much to shake things up on the economic calendar. In Europe, we only have the German Ifo business climate survey for September. And that won't warrant much attention, if at all. That as economic conditions have continued to reaffirm the ECB's policy stance since the summer.
As such, we could continue to see markets mostly meandering before finding the next catalyst to work with this week.
This article was written by Justin Low at investinglive.com.Hence then, the article about not a whole lot on the agenda in european trading today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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