The pair AUD/USD collapsed under the influence of the minutes of the Reserve Bank of Australia.
Despite the fact that the text of the RBA meeting minutes was neutral, it showed that the bank expects a long weak inflation, and is concerned about the high rate of the national currency.
Investors interpreted this as an attempt to lower the rate at the next meeting on 2 August.
The oil lost 2.32% yesterday. The iron ore has lost 1.13%.
Today we expect the good data from the US. The US is to publish data on the number of housing starts in June which may reach 1.17 million against 1.16 million in May, the number of buildings permits is projected at 1.15 million against 1.14 million previously.
How to trade
We would buy put options if the AUD/USD falls below 0.75.
Target price: 0.75
Expiry time: 20:00 GMT