Market Update – 19th July 2019 – AUD Moves Higher Despite Weak Employment Numbers

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.

AUD Moves Higher:

The Aussie Dollar is up around 1% vs the Greenback and half a percent vs the EURO as positive market sentiment and a more dovish U.S Fed took some shine off the USD. U.S equities rose, led by the S&P500 which was up nearly 0.4% at the close.

Employment Data Weak:

Local employment numbers were released yesterday and showed the second poorest employment growth since early 2017 coming in at just 500 new jobs created. The unemployment rate was unchanged at 5.2%, but the RBAs move to cut interest rates looks well timed.

Other than that, there really isn’t too much going on and there is no economic data released tonight of any real significance. Have a great weekend.


AUD/USD – 0.7032

AUD/GBP – 0.5602

AUD/EUR – 0.6240

AUD/NZD – 1.0391

AUD/JPY – 75.605


All Ords (XAO) – 6,735

Gold – A$2,053/oz

Silver –  A$23.20/oz

WTI – US$55.95/barrel



Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.



Patrick's Signature-802090-edited.jpg

Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 



The information provided in this report has been prepared without taking into account your particular objectives, financial situation or needs. You should consider whether our products are appropriate for you and read the FSG and PDS which are available on this website.
This report and must not be copied, either in whole or in part, or distributed to any other person.
All references to prices, amounts and currency are in Australian dollars unless otherwise noted.
This report is provided for Australian residents only and is not intended for use by residents of any other country.

Leave a Reply

Your email address will not be published.