A solid session for European and U.S equities along with commodities, sees AUD/EUR up half a percent and AUD/USD back to yesterday mornings levels. The Aussie had retreated in afternoon trade but thanks to strong demand for global equities the Aussie managed to regain that lost ground.
Other than that it was again extremely quiet and quite dull trading for the Aussie throughout yesterday but I would assume a lack of volatility is probably just the way our clients like it!
DATA RELEASES TODAY:
GBP – Second Estimate GDP at 8.30pm
AUD EXCHANGE RATES:
AUD/USD – 0.7650
AUD/GBP – 0.6124
AUD/EUR – 0.7254
AUD/NZD – 1.0720
AUD/JPY – 87.294
***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
Compass Markets
Phone Patrick – 0431 278 632
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