Well, first of all I’d like to say well done to the Doggies (Western Bulldogs) who won through to their first Grand Final appearance in 55 years – which was until Saturday night the longest current Grand Final drought.
Last week finished pretty quietly without any economic news and with U.S and European equities falling marginally by around half a percent. The Aussie came off a similar amount down across the board by about 20-30 points amid widespread risk-off. This time of month is typically pretty quiet in terms of economic data releases with the only data of any importance being the release of U.S durable goods orders and GDP figures on Wednesday night and Thursday night respectively.
DATA RELEASES TODAY:
EUR – German IFO Business Climate at 6.00pm
AUD EXCHANGE RATES:
AUD/USD – 0.7598
AUD/GBP – 0.5847
AUD/EUR – 0.6751
AUD/NZD – 1.05171
AUD/JPY – 76.71
***Above rates are indicative wholesale rates and intended as a guide only***
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Senior Corporate FX Dealer
Phone Patrick – +61 03 9099 8459