Market Update – 11th September 2019 – AUD Unchanged As Volatility Decreases And Financial Markets Go Dormant

Please note that the commentary below is factual information provided to a group of readers as a web blog, and where an opinion is expressed by the author, it is GENERAL ADVICE only.

AUD Flat/Markets Uneventful:

Equity markets, commodities and the AUD barely moved overnight. The AUD is up/down 1 or 2 points vs the major currencies while on the commodities front Gold has retreated (signalling less risk aversion) while Zinc was the best performing metal up around 2% per tonne. U.S equities finished more or less unchanged, while the UK FTSE was buoyed by comments from Boris Johnson who suggested a deal ahead of Brexit on October 30th remains possible.

We have no economic data released today or overnight and can probably expect as a result pretty subdued trading throughout the day.

AUD EXCHANGE RATES:

AUD/USD – 0.6830

AUD/GBP – 0.5521

AUD/EUR – 0.6178

AUD/NZD – 1.0652

AUD/JPY – 73.478

OTHER MARKETS:

All Ords (XAO) – 6,728

Gold – A$2,166/oz

Silver –  A$26.28/oz

WTI – US$57.75/barrel

DATA RELEASES TODAY:

No data today.

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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