The Australian and the Kiwi dollars remain at the forefront notching rallies of 1.82% and 2.43% respectively. The gains in the commodity risk currencies comes against the backdrop of a weaker US dollar and reduced inflows to safe haven currencies. The Swiss Franc and the Japanese Yen have remained weak despite the relative security of these currencies with commodities beginning to show signs of recovering off the lows from last week. Crude oil prices retreated from highs, giving back some of the gains after yesterday's crude oil inventory figure showed a larger than anticipated build to stockpiles. WTI crude oil lost -1.84% yesterday after prices briefly touched the multi-month highs of $49.67. The recent rally in gold futures also showed signs of stalling, with prices pulling back towards support levels, after falling back below the $1150 handle and trending just above support at $1142.
BoE and FOMC Minutes
Daily Analysis - 08/10/2015