Forex Today: AUD suffers from China Downgrade, ECB’s Draghi and the Fed meeting minutes in focus

FXStreet — Today, the Asian session the event was a Talk rich with the Fed, the NZ balance of trade and the building report in Australia. The economic data had only a limited impact on the markets, but in the case of the Moody’s Downgrade of the credit ratings of China it was quite different. Under the Downgrade, the Aussie, the Yuan, the metals, and China’s share had to suffer the most. Oil will continue to be traded at 5-week high before today’s EIA crude oil inventories will be published. On Thursday the all-important OPEC meeting.

The European economic calendar has nothing to offer, so that the focus is on the ECB President Draghi’s speech . In the afternoon there is then the monetary policy decision of the Bank of Canada (BoC), the U.S. sales of existing real estate and the FOMC meeting minutes.

** FXStreet News Editorial, FXStreet**

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