Quiet day ahead and an exceptionally quiet night for markets so I won’t bore you with a long winded report about nothing. Rather I’ll provide a pretty quick summary.
The Aussie dollar is still range trading with AUD/USD stuck in the 0.74-0.75 range as it has all month, while AUD/GBP and AUD/EUR look comfortable in the 0.55’s and 0.63’s respectively. No data is due out today but we did have employment numbers out yesterday which showed another 22k jobs were created, but the month previous had a revision lower with jobs actually lost in March, which probably explains the jump in the unemployment rate to 5.6%. Participation remains an issue with the number at about 65%, but that could be related to demographics and and ageing population.
Have a lovely weekend.
AUD EXCHANGE RATES:
AUD/USD – 0.7510
AUD/GBP – 0.5554
AUD/EUR – 0.6365
AUD/NZD – 1.0920
AUD/JPY – 83.252
USD/BTC – $7,993
OTHER MARKETS:
All Ords (XAO) – 6,197
Gold – A$1718/oz
Silver – A$21.88/oz
WTI – US$71.63/barrel
DATA RELEASES TODAY:
No data
Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.
{{cta(‘b4d1fdf3-9b81-4df4-87c2-23257194f470’)}}
Patrick Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
{{cta(’22fd720b-8ddc-4846-85e4-6ab59d459f68′)}}
