The RBA is caught in-between two economic extremes, which made them keep the rates unchanged. The Euro and Pound are slowly falling, as the Dollar has started to gain momentum ahead of the FOMC protocol.
The Dollar is trying to go on the offensive, as the markets are waiting for the meeting of the United States and Chinese leaders. Oil trades with more declines, as investors are hoping for production curbs for the future.
The Dollar posted the biggest declines since the outcome of the US elections. Oil traders change their bullish mood from last week on the hopes of a positive decision from OPEC, as the commodity market optimism fails to spread on the equities.
Retreat is taking over the market with USD,Oil and Gold in the lead
US Dollar retreats after climbing to a two-month peak on Friday as the September payrolls signalled a slump in the labour force growth. On the news, Gold extends decline on the rising chance of a rate hike in December