Traders will be keenly awaiting the release of the latest RBA minutes amid speculation that Australia’s central bank may cut rates again.

Euro and pound buyers would have been buoyed by the solid starts both currencies have had this week. The EURUSD opened the week $1.17151 and slid to a low of $1.17026 mid-session. That sparked a rally, with the euro storming to a high of $1.17930 late in the day. It has come off those highs and is now trading at $1.17690. The GBPUSD started Monday at a low of $1.28908 and climbed throughout the day, peaking at $1.30239 late in the piece. It fell from those highs and is now trading at $1.29484.

As the odds of agreeing to a stimulus package in the US lengthen, markets continue to look shaky. The Dow commenced the week at 28,607.65 and edged up to a high of 28,794.92 mid-session. It remained steady for a few hours before tumbling late in the day, bottoming-out at 28,144.73. It has bounced off those lows and is now trading at 28,351.30. The Dax was ultimately dragged down by the Dow after opening the week at 12,917.90. Heading into mid-session trading, the Dax lifted to a high of 13,029.74. Those highs were not maintained for long as the German index sunk to a low of 12,715.70 and closed at 12,734.30.

The day ahead sees the release of the latest meeting minutes from the RBA. There is growing speculation that the central bank may cut interest rates again in November, so analysts and traders alike will be keen to find out why the RBA is now looking to cut again, when rates are already near 0%.

Other data published today includes:

China – CB Leading Index

Australia – CB Leading Index

Europe – European Current Account, German PPI, Swiss Trade Balance

US – Building Permits, Housing Starts, FOMC Members John Williams and Randal Quarles speak

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