The market has been repricing rate cut bets after hawkish Fed comments and strong US data.
Tomorrow attantion will be on Australian unemployment, which comes after AUD/USD fwll sharply today following weaker than forecast China GDP data.
USD/JPY is extending its rally into a third week as the market pushes back Fed rate cut bets and hawkish BoJ bets.
EUR/USD will be watching the ECB minutes for further clues over when the ECB could start cutting rates. President Christine Lagarde said she thinks rates could start to be cut in the summer.
Gol, XAUUSD, has fallen sharply after strong retail sales and ahead of tomorrow’s housing and jobs data. Fed speakers will remain in focus.
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