Market Update – 15th April 2019 – AUD Continues To Creep Higher On Positive Sentiment

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.

AUD Higher:

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.

Upcoming Data:

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

OTHER MARKETS:

All Ords (XAO) – 6,347

Gold – A$1,799/oz

Silver –  A$20.89/oz

WTI – US$63.66/barrel

DATA RELEASES TODAY:

None.

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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