Australian Dollar

Via Bill Evans at Westpac: Westpac is delighted that its currency forecasts which appear in summary in this weekly publication and in detail in the monthly publication – Market Outlook – have been extremely successful over the year to September (Westpac’s Bank Year).

More trade scuttlebutt this afternoon, via Bloomie: The White House is looking at rolling out a previously agreed currency pact with China as part of an early harvest deal that could also see a tariff increase next week suspended, according to people familiar with the discussions.

So says SCMP: Deputy-level trade talks between the US and China aimed at laying the groundwork for high-level negotiations later this week failed to yield any progress on critical issues, according to two sources with knowledge of the meetings.

DXY fell last night as EUR bounced.

DXY was soft last night.

DXY was down last night as EUR lifted.

The Australian dollar has so far gotten what was pretty clearly dovish message from the RBA statement.

Readers will know that for some time I have been testing the thesis that Bitcoin is some kind of new-fangled safe haven asset.