Market Update – 22nd October 2018 – AUD Holding It’s Ground But Remains Near Two-Year Lows

The Aussie dollar held its ground through Friday and over the weekend but remains around two year lows vs. the Greenback, Euro and Pound. Gold prices are stable while the price of oil rose as markets appear a little more sanguine this morning but that could just be me looking out the window and seeing beautiful blue sky. A lack of economic data out today, tonight and over the course of the week could see this theme continue; fingers crossed. However volatility has certainly picked up over the past six to eight months and it’s hard to see it disappearing any time soon, so I guess continue to expect the unexpected.

U.S and European stocks finished Firday evening trade mixed with U.S DOW and U.K FTSE up, while the tech focused Nasdaq and German & French indices fell.

As mentioned above a lack of data today and tonight probably means a pretty uneventful day. I’ll be back tomorrow with a fresh update.

AUD EXCHANGE RATES:

AUD/USD – 0.7090

AUD/GBP – 0.5414

AUD/EUR – 0.6151

AUD/NZD – 1.0735

AUD/JPY – 79.846

USD/BTC – $6,411

OTHER MARKETS: 

All Ords (XAO) – 6,042

Gold – A$1,725/oz

Silver –  A$20.57/oz

WTI – US$69.52/barrel

DATA RELEASES TODAY:

NZ – Bank Holiday

AUD – RBA Assist Gov Debelle Speaks at 1.00pm

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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