Stronger than anticipated U.S retail sales didn’t stop the Aussie dollar from hitting fresh one month highs overnight with the AUD now up about 2.5% since Monday vs. the Greenback and similar margins vs. the Euro and Pound. Again, it could be worth taking advantage of the Aussie dollar at current levels given the uncertainty that remains in the market and particularly given it was only last week that we were threatening the low 0.70’s vs. the Greenback.
No economic data is due out today. So rather than waffle on I’ll just say have a nice weekend!
AUD EXCHANGE RATES:
AUD/USD – 0.7671
AUD/GBP – 0.5709
AUD/EUR – 0.6507
AUD/NZD – 1.0977
AUD/JPY – 86.116
COMMODITIES:
Gold – A$1633/oz
Silver – A$20.73/oz
WTI – US$57.17/barrel
DATA RELEASES TODAY:
No data
***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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