Actually, the news from the RBA Gov Lowe does not mention the economy nor monetary policy in his speech. RBA Gov Lowe is still confident consumers will spend more. Australian weekly consumer confidence rises to 109.0 this week from 108.1 the previous. China's inflation data for November were better than expected but cpi had good changes more than PPI. Things weren't too bad from Australia's side but the yen is taking over against the Aussie so far which seems fishy but talking about the yellow metal it is gaining upward momentum after the deep fall last time. Safe havens are acting shady at the moment. Ahead this week, there are event risks including the FOMC Wednesday and tariff announcement due from the US on Sunday. If those are what market players fear about maybe risk appetite have dropped lower which is helping the safe havens and we should be taking care of this risk sentiment to be either positive or negative throughout the week which should make things easier to predict the direction for this cross pair.
