AUD, ASX and Aussie bond traders heads up – it’s a partial holiday in Australia today.

It’s a holiday in Australia’s second city today (sorry, Melbourne, but its true). The holiday is for the Melbourne Cup horse race, known as ‘the race that stops a nation’.

Its not a holiday elsewhere in Australia but that won’t stop the celebrations. Sydney financial markets, for example, will pretty much grind to a halt at race time.

Markets are open, but as its says above, interest and liquidity will be thinned out.

Its RBA day, so try to stay sober until after 2.30pm local time, and even after 3.30pm local time when Reserve Bank of Australia Governor Bullock will hold her press conference.