This week is not saturated with macroeconomic reports, and Tuesday is no exception. The key event of the day can be considered the publication of the RBA minutes on monetary policy in Australia. As a result, the AUD was under pressure because the report showed that the RBA considered reducing of the rate. Another negative factor for the AUD is the decrease in optimism about a deal between the US and China. Therefore, safe assets are strengthening today.
In the EU, the most important event was the adoption of the budget for 2020, which provides for increased spending on climate, counteracting the unemployment, and additional funding in the event of Britain's exit from the EU. At the same time, all additional costs will be provided by Germany.
In the afternoon, data on the number of construction permits issued in the United States, sales in the Canadian manufacturing sector, as well as the price index from global dairy trade are expected.
