The local currency has managed to claw back some ground lost over the past week starting today around half a percent higher thanks in part to weaker than expected data coming out of other countries. The Bank of England and Royal Bank of New Zealand both held rates steady and were both less than bullish on their respective economies while the Euro seems to be coming off a fraction following Macron’s euphoric and pro-Europe Presidential election win in France.
Ahead this evening is a bout of U.S economic data with both CPI and retail sales numbers due around 10.30pm tonight.
DATA RELEASES TODAY:
USD – CPI & Retail Sales at 10.30pm
All – G7 Meetings
AUD EXCHANGE RATES:
AUD/USD – 0.7324
AUD/GBP – 0.5670
AUD/EUR – 0.6737
AUD/NZD – 1.0725
AUD/JPY – 83.421
***Above rates are indicative wholesale rates and intended as a guide only***
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Patrick Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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