The USD remains weak versus most majors due to the downward pressure from the potential effects of the government shutdown. The House of Representatives passed a short-term funding bill, but it did not get enough votes to pass the US Senate. The Trump Administration will look to get a deal done with The Republicans and Democrats to reopen the US government that has been closed since Saturday.
AUDUSD currently training just above US$0.8004 cents, while Oil is expecting to top US$ 70.00 a barrel for the first time in 3 years.
DATA RELEASES THIS WEEK (AEST):
JPY – Monetary Policy Statement, BOJ Outlook Report & BOJ Press Confidence
GBP – Average Earnings Index 3m/y
USD – Crude Oil Inventories
NZD – CPI q/q
EUR – Minimum Bid Rate, ECB Press Conference
CAD – Core Rate Sales m/m
GBP – Prelim GDP q/q & BOE Gov Carney Speaks
USD – Advance GDP q/q, Core Durable Goods Orders m/m
JPY – BOJ Gov Kuroda Speaks
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