The U.S. Dollar let the Euro take a significant lead on Friday, despite the release of good labour market data. But how did this influence Australian Dollar?
Market’s response was quite predictable, and rather tame for that matter. It would have been more interesting to see what would have happened, if FED had not raised the rate.
As the tradition holds then the ECB meeting should take place tomorrow. Everyone is waiting for only one thing to happen, that is, for the QE program to continue.
The second half of last week was influenced by the ECB meeting and Mario Draghi’s press conference.