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
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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Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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