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.
Good morning, hope you all had a lovely weekend. I certainly did, was in Healesville yesterday for lunch at Giant Steps before visiting a nice walking track near Badgers Creek. Fantastic scenery around that area.
Anyway, the Aussie Dollar has continued it’s good run moving higher more or less across the board with the exception of AUD/EUR which declined ever so slightly. The good run for the AUD stems from generally higher optimism among market participants with equities also doing remarkably well since the start of the year. In fact the ASX 200 gained 9.5% in the first quarter marking the best quarter for the ASX 200 since September 2009.
No economic data is out today, however RBA Monetary Policy Minutes are due tomorrow around midday. Chinese GDP figures are due Wednesday, while Thursday will see the latest employment figures for the local economy – the unemployment rate is tipped to rise slightly to 5% from 4.9%.
AUD EXCHANGE RATES:
AUD/USD – 0.7146
AUD/GBP – 0.5456
AUD/EUR – 0.6317
AUD/NZD – 1.0569
AUD/JPY – 80.059
All Ords (XAO) – 6,347
Gold – A$1,799/oz
Silver – A$20.89/oz
WTI – US$63.66/barrel
DATA RELEASES TODAY:
Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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