The Aussie dollar is marginally higher again this morning thanks to another positive session in commodities prices which saw iron ore, copper and oil all higher. U.S stock markets also pushed higher with the NASDAQ up around 0.8% but the gains ended their as European stocks stumbled following the latest Eurogroup meetings. The meetings held all night failed to find consensus on a range of issues ranging from how to manage euro debt and also how to deal with the likes of Greece which remains a basket case of an economy after many years of austerity.
Ahead this evening is German IFO Business climate data followed by Inflation Report Hearings out of the U.K.
DATA RELEASES TODAY:
EUR – German IFO Business Climate at 6.00pm
GBP – Inflation Report Hearings at 7.00pm
AUD EXCHANGE RATES:
AUD/USD – 0.7442
AUD/GBP – 0.5719
AUD/EUR – 0.6619
AUD/NZD – 1.0650
AUD/JPY – 82.891
***Above rates are indicative wholesale rates and intended as a guide only***
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Patrick Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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