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Saxo Traders: Aussie dollar strongest performer
As the Reserve Bank of Australia gears up to meet, Saxo Bank's traders say the Aussie dollar is the strongest performer so far.
Pierre Magnussen (http://www.tradingfloor.com/traders/pierre-magnussen) explains that the AUDUSD has moved from 0,9450 to 0,9500 and believes the pair will trade around this area until the RBA makes its latest rates decision.
In addition, official data published on Monday showed retail sales in Australia rose 0.8 percent in September from August, double the amount expected by economists.
Meanwhile, Kresten Bechmann (http://www.tradingfloor.com/traders/kresten-bechmann) is seeing a lot of buying interest in the options market ahead of the US nonfarm payrolls, out on Friday. He explains that this is usually the case.
Dan Larsen (http://www.tradingfloor.com/traders/dan-larsen) adds that last week, dollar yen traded higher off the back of some very positive US numbers, and that he can see "volatility reacting to this" in the options world.
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01:14 minutes
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