Holidays in China, the U.S and the U.K over the next 24 hours means payments to these countries will be delayed by a day or so. So please consider this with regards to payments booked Thursday, Friday and over the weekend.
Stocks finished the European/U.S session mostly flat with very small moves seen, the exception was the U.K FTSE which managed to gain around 0.45%. Commodity prices remain under pressure with nickel holding just above the crucial US$9,000 a tonne while iron ore has again dipped below US$60 a tonne. The bitcoin mania of the past week has also subsided with the crypto currency losing around US$500 a unit since last Thursday to be trading back at US$2200.
DATA RELEASES TODAY:
EUR – ECB President Draghi Speaks at 11.00pm
AUD EXCHANGE RATES:
AUD/USD – 0.7414
AUD/GBP – 0.5779
AUD/EUR – 0.6630
AUD/NZD – 1.0527
AUD/JPY – 82.557
***Above rates are indicative wholesale rates and intended as a guide only***
Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.
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Patrick Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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