It has been another day of losses for the US Dollar while global equities are up for the second consecutive session. The S&P 500, which is less than 10% from its all-time high, is expected to open higher despite ongoing civil unrest in the United States.
The GBP/USD cross has now risen four straight sessions in a row, despite much of the UK news falling well short of positive. For EUR/USD make that six straight sessions. As expected the Reserve Bank of Australia left its policy rate unchanged this morning at a record-low of 0.25%. The AUD/USD cross initially treaded water but the Australian Dollar eventually re-joined other currencies in pushing higher against the US Dollar.
