Australia: The AUD has opened higher this morning, touching a fresh post float high early.

After cruising through parity early yesterday, the AUD held onto its gains throughout the last 24 hours, moving higher as global
stock markets and commodity prices strengthen across the board.

Shares rose sharply following the Federal Reserves announcement of a $US600 billion plan to stimulate the economy.

The Dow Jones settled 2% higher after closing the day before at a two-year high.

Oil prices hit a fresh six-month high as the USD was heavily sold off.

Today we have the release of the Reserve Bank of Australia's November statement of Monetary policy.

The Market is not expecting a different message from the central bank after Tuesday's surprise rate hike to 4.75%.

It's expected that they will just restate that the Australian economy performing well and inflation needs to be kept in check.

Further support is expected for the AUD on the day ahead of tonight's release of US unemployment figures for
October.
Majors: Investors sold the USD against the EUR, GBP and other higher yielding currencies Thursday, believing the Federal Reserve's quantitative easing measures will do long lasting damage to the US currency.

Investors believe that it's just going to flood the market with dollars and so people are putting that extra money into commodities and the stock market.

Along with USD weakness the EUR and GBP were also supported as investors were comforted by the no change in rates and policy by both the ECB and BoE.

Along with tonight's US payrolls data, the market will also be watching the Bank of Japan to see if they make any changes to their monetary policy at their meeting today during the Asian session.

Newsletter: Subscribe to receive this report daily