International bourse came off recent highs, and the US Dollar gained further upward momentum. The US Government shutdown drags on, increasingly ignored by all those, not directly impacted. The direct impact on US markets is the lack of statistical data releases by Government. The US Dollar continues to curry favour, with the EUR falling below 1.1500, while the GBP has slumped to 1.3040.
The RBA left rates unchanged on Melbourne Cup Day, surprising few. The Central Bank cited the resurgent inflation, plaguing the economy, which resulted in an AUD crash. The AUD slipped below 0.6500, following the RBA decision, while the NZD dropped to 0.5660. Local attention will turn to NZ employment data due for release today.
