The Australian Dollar (AUD) extends its advance against the US Dollar (USD) on Friday, with AUD/USD climbing to its highest level since September 18 as traders are almost certain the Reserve Bank of Australia (RBA) will leave interest rates unchanged on December 9.
The TTF Natural Gas price continued to slide this week. The 1-month forward is currently trading below EUR 27 per MWh, which is the lowest level in 20 months, Commerzbank's commodity analyst Carsten Fritsch notes.
The Reserve Bank of India (RBI) cut its policy rate by 25bps to 5.25%, supporting economic growth amid a benign inflation outlook. USD/INR hovers just below record highs as markets price in a floor for rates, with potential future hikes over the next two years, BBH FX analysts report.