In a very slow Asian market start, with Nikkei index is down -0.21% below the 12500 points mark, after a slightly positive open, AUD/USD is last at 1.0482, off session lows at 1.0470. Australian ASX index trades in the positive, higher for the session by +0.3%, following the RBA Financial Stability review just released. “Banks better placed after changes to funding mix Australian bank activity in Asia is likely to expand Global financial conditions improved significantly,”
commented ForexLive editor Eamonn Sheridan on the review.