Risk appetite shifted up a gear overnight with equities, commodities and the Aussie dollar the biggest gainers from a very positive start to 2017. AUD/USD added another 1.1%, while AUD/EUR and AUD/GBP added around 0.8% taking total gains for AUD/USD since the start of Jan to nearly three whole cents, while AUD/EUR and AUD/GBP are up two and three full cents respectively in 2017. As we head closer and closer towards one month highs I’d certainly think it prudent for importers to look at making payments and therefore taking advantage current exchange rates.
DATA RELEASES TODAY:
No data releases today.
AUD EXCHANGE RATES:
AUD/USD – 0.7429
AUD/GBP – 0.6077
AUD/EUR – 0.7011
AUD/NZD – 1.0555
AUD/JPY – 85.857
***Above rates are indicative wholesale rates and intended as a guide only***
Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.
{{cta(‘b4d1fdf3-9b81-4df4-87c2-23257194f470’)}}
Patrick Downes
Senior Corporate FX Dealer
Compass Markets
Phone Patrick – 0431 278 632
{{cta(’22fd720b-8ddc-4846-85e4-6ab59d459f68′)}}
