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.
RBA Minutes released yesterday showed that the RBA is not overly concerned about the global economy but did note that the U.S/China trade standoff had softened growth somewhat in most advanced economies. Locally the RBA noted that GDP, wages growth and other indicators appear to be ticking along at around their forecasts.
No other economic data was released yesterday or overnight and with equities markets in the U.S flat the AUD finished the overnight session more or less unchanged. Aussie equities look set to open around 1% lower though as U.S equities futures have turned negative after the bell to the tune of around half a percent.
UK CPI is due out this evening.
AUD EXCHANGE RATES:
AUD/USD – 0.7154
AUD/GBP – 0.5641
AUD/EUR – 0.6290
AUD/NZD – 1.0443
AUD/JPY – 80.536
USD/BTC – $3,516
All Ords (XAO) – 5,661
Gold – A$1,738/oz
Silver – A$20.39/oz
WTI – US$46.35/barrel
DATA RELEASES TODAY:
GBP – CPI at 8.30pm
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Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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