Market Update – 12th October 2016 – Markets Dip As Optimism Takes A Breather

AUD/USD is back at the low end of its recent range with the currency pair succumbing to a bit of global pessimism which sees both equities down and the safe havens of JPY and USD up. The Aussie is trading just above 0.7500 this morning ahead of U.S FOMC Minutes which are released tomorrow morning at 5.00am. The minutes from the latest U.S Fed meeting should create a bit of volatility in the early hours of tomorrow morning for those up and about.


USD – FOMC Minutes at 5.00am (tomorrow morning)


AUD/USD – 0.7511

AUD/GBP – 0.6203

AUD/EUR – 0.6807

AUD/NZD – 1.0654

AUD/JPY – 77.74

***Above rates are indicative wholesale rates and intended as a guide only***

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Phone Patrick – +61 03 9099 8459




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