As the market transitions into US session, Australian Dollar maintains its position as the strongest currency of the day. While no significant economic data is expected from the US or Canada, the focus shifts to appearances by SNB Chair Thomas Jordan, as well as Fed officials Thomas Barkin and John Williams. However, traders are expected to look through these events, anticipating insights from the RBA's decision.
Asian equities were higher overnight, led by Mainland China’s reopening following its Labor Day holiday, though Japan was closed for Children’s Day, South Korea was closed for Substitution Holiday, and Thailand was closed for Coronation Day.
Chinese equity markets are surging, causing anxiety for investors who have abandoned the market after years of poor returns. Is it time to get back in?