Market Update – 21st September 2018 – AUD Continues To Climb On Positive Market Sentiment

Just a quick one from me this morning. The Aussie dollar has continued to move higher amid improved market sentiment as a result of some sort of short term finality to trade tensions between Trump and China. However it’s pretty obvious we haven’t seen the end of trade war tensions so importers would be wise to take advantage of the higher Aussie Dollar at current levels.

We don’t have any economic data out today – however U.S and European equities have a good night so our local share market looks like opening half a percent higher if futures markets are anything to go by. Additionally commodities specifically metals prices held up nicely so it should be a good day across the board for most assets.

AUD EXCHANGE RATES:

AUD/USD – 0.7259

AUD/GBP – 0.5460

AUD/EUR – 0.6157

AUD/NZD – 1.0866

AUD/JPY – 81.671

USD/BTC – $6,468

OTHER MARKETS: 

All Ords (XAO) – 6,276

Gold – A$1,655/oz

Silver –  A$19.64/oz

WTI – US$70.18/barrel

DATA RELEASES TODAY:

None

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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