Daily Market Review: “Risk On” Trading Continues, RBA Stays Sidelined
Channel: JFD Brokers
Date: 2020-07-07

Daily Market Review by Charalambos Pissouros

Financial markets continued to trade in a “Risk On” fashion yesterday as more economic data added to hopes of a faster-than-previously-thought economic recovery from the slump caused by the coronavirus spreading. Overnight, the RBA stood pat, maintaining more or less the same language as in June, with the Aussie barely reacting. We expect the main driver behind the currency to continue being the broader investor morale.

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