The Aussie dollar finished the week barely changed versus the Greenback, extending to two weeks the period in which AUD/USD has done literally nothing. AUD/EUR and AUD/GBP however have continued to make strides, with Aussie above 0.7200 vs. the EURO and above 0.6100 vs. the GBP – and this trend doesn’t look set to change anytime soon.
In the absence of any economic data global equities rounded out last week very much mixed with the U.S Dow and German DAX flat, while the tech heavy NASDAQ and and U.K FTSE added around 0.4% and 0.3% respectively.
A bit of Aussie data is due out this week but other than that, its relatively quiet from a data perspective. It’s a U.S bank holiday tonight, so expect a one day delay for all USD payments. These will be sent tomorrow evening.
DATA RELEASES TODAY:
USD – Bank Holiday Tonight
AUD EXCHANGE RATES:
AUD/USD – 0.7646
AUD/GBP – 0.6150
AUD/EUR – 0.7200
AUD/NZD – 1.0661
AUD/JPY – 86.704
***Above rates are indicative wholesale rates and intended as a guide only***
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Patrick Downes
Senior Corporate FX Dealer
Compass Markets
Phone Patrick – 0431 278 632
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