Australian Dollar Opens Below 68 cents and under pressure

In short

1. The Australian dollar was flat on Friday and Saturday, opening Monday below 68 cents
2. The AUD has been under pressure this month
3. This week, we hear from the RBA on Tuesday morning and Tuesday evening.

The Australian dollar had a lacklustre end to the week, limping into the weekend below 68 cents.

It was a quiet day for most currency markets with little movement against the other major currencies.

This week, we hear from the RBA on Tuesday morning and Tuesday evening. The market will be closely watching comments from the the top 2 heads of the central bank. Any indications that interest rates could be cut next week during the last RBA meeting of 2019 would most likely see the Australian dollar fall. Alternatively, if the RBA indicates that they will keep rates on hold until 2020, we could see a modest bounce in the Aussie dollar.

Overseas, there is a raft of data out this week however few surprises are expected. CPI or inflation data out of the UK, Japan and Europe should confirm what has been know for years - that the western world is gripped in a low inflation environment.