Risk event for the week starting 4 April: Aussie rate decision

[MongiIG]

While the calendar is fairly light next week, the Australian rate decision could offer some interesting volatility. That’s according to Nick Cawley, from Daily FX, who suggests that the cross to watch is GBP/AUD.

His view is that the Aussie may continue to weaken, but then there may be an opportunity to buy it back once his trigger level it met.