Archived IMT (2009.07.06)

We could see a short-term pop in Aussie pairs (AUDUSD & AUDJPY) this evening if US equities extend their recovery into positive territory, especially if the June AIG construction index for Australia (due 23:30 GMT, 0:30 BST) improves from 46.9. Also pay attention from the RBA statement (4:30 GMT) when it is expected to announce inrterest rates unchanged at 3.00%. This could pave the way for AUDJPY gains towards high 75.70s and AUDUSD towards 0.7960s.