RBA's Kent: China major opportunity for Australia

FXStreet (Guatemala) - In recent moments, RBA's assistant governor, Kent, has started to speak and China has been the main focus.

Kent warns that there is little potential for a recovery in global commodity prices, but suggests growth in Chinese services and consumer demand in a major opportunity for Australia.

There has been very little response in AUD/USD that has spent the best part of the week so far better offered around the 0.71 handle as we await key data from the US with CPI's, fed speakers and FOMC minutes. First up we will have the RBA's minutes in Tokyo later today.

Nov 16, 2015

EUR/JPY: risk remains with the downside - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY pair fell down to 130.63 at the weekly opening, as the Japanese yen strengthened on safe haven demand. The pair however, changed bias after the release of poor Japanese GDP figures that fueled speculation the BOJ will have no choice but to extend their stimulus program.

RBA minutes - what to expect in AUD/USD?

The RBA Minutes is due today while the Aussie has been better offered, but trying to make a come back on to the 0.71 handle while testing the 200 SMA on the hourly chart at 0.7093 in a slow market that has been in consolidation after the initial risk-off opening in Asia yesterday.