Market Update – 15th January 2018 – AUD/USD Through 0.7900 For First Time Since September

The only data released Friday and over the weekend was U.S CPI and Retail Sales, which both came in more or less on expectations. AUD/USD however continues to slowly grind higher with the currency pair now hovering around 0.7900 on the wholesale market – a level we’ve not seen since September. AUD/GBP and AUD/EUR have lost some shine with both currency pairs losing ground over the past few sessions.

An absence of economic data out today probably suggests little movement in markets.

AUD EXCHANGE RATES:

AUD/USD – 0.7897

AUD/GBP – 0.5757

AUD/EUR – 0.6484

AUD/NZD – 1.0898

AUD/JPY – 87.803

COMMODITIES: 

Gold – A$1691/oz

Silver –  A$21.78/oz

WTI – US$64.32/barrel

DATA RELEASES TODAY:

No data out today or tonight

USD Bank Holiday in the U.S Tonight (USD payments delayed one day)

***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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