The key event during the Asian session will be the Reserve Bank of Australia meeting. No change is expected in interest rates. Additionally, the final
in her speech on Monday. German trade data came in better than expected, while Eurozone Sentix Investor Confidence dropped further in September to -21.5. EUR/USD moderately rose but was unable to consolidate above 1.0800. The bias remains to the downside, with support at 1.0760. On Tuesday, Lagarde will speak again, Eurostat will release the August Producerrose from below 1.2600 to the 1.2630 area. The Pound outperformed with EUR/GBP falling below 0.8550.
It is widely anticipated that the RBA will maintain its key interest rate at 4.1%. This meeting will mark the final one with Philip Lowe serving as governor of the RBA.continued to trade sideways, with a crucial support level at 0.5900 and trading below the 20-day SMA at 0.5970. To indicate a more sustainable recovery, the Kiwi needs to achieve a daily close above 0.6000.maintained its gains from Friday but struggled to decisively break above 1.3600.
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