Market Update – 29th May 2017 – Holidays In China, U.S and U.K To Cause Delay In Payments

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.


EUR – ECB President Draghi Speaks at 11.00pm


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***

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 




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