No data of note tomorrow, the day before a long weekend and a school vacation for many in the states. That should lead to thin, cruddy markets, sad to say.
Some of today’s rally in US bond markets has been blamed by some on short-covering ahead of a vacation for many. Given that short Treasury-bond positions are like AUD in that they are expensive to carry, when they stop moving your way, you want to get out.
Perhaps some of today’s dollar weakness was liquidation ahead of the holiday as well, though central bank reserve diversification seems a more likely explanation.