Please note that the commentary below is factual information provided to a group of readers as a web blog, and where an opinion is expressed by the author, it is GENERAL ADVICE only.
The Aussie Dollar fell a further half percent vs. the USD & EUR overnight while the other crosses remain little changed. Stocks in the U.S and Europe also climbed perhaps supporting their local currencies and explaining the gains made overnight vs. the Aussie Dollar. The German DAX led the way up a whopping 1.6%, while in the U.S the gains were pretty much the same across the board with the major indices up 0.5%-0.6%.
French & German Data:
French and German economic data is due out this evening from 5.15pm and includes both manufacturing and services PMI numbers for the latest month. Manufacturing data out of Germany and France of late has been less than desirable with declines or stagnant growth the norm. More of the same is expected.
Other than that there is not a great deal further to discuss, have a great day.
AUD EXCHANGE RATES:
AUD/USD – 0.6973
AUD/GBP – 0.5600
AUD/EUR – 0.6249
AUD/NZD – 1.0415
AUD/JPY – 75.498
All Ords (XAO) – 6,812
Gold – A$2,023/oz
Silver – A$23.42/oz
WTI – US$57.17/barrel
DATA RELEASES TODAY:
French & German Manufacturing & Services PMI from 5.15pm
Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
DISCLOSURE AND DISCLAIMER – GENERAL ADVICE WARNING
The information provided in this report has been prepared without taking into account your particular objectives, financial situation or needs. You should consider whether our products are appropriate for you and read the FSG and PDS which are available on this website.
This report and must not be copied, either in whole or in part, or distributed to any other person.
All references to prices, amounts and currency are in Australian dollars unless otherwise noted.
This report is provided for Australian residents only and is not intended for use by residents of any other country.