Not much happened over the weekend in terms of economic data releases however commodities and stocks performed pretty well Friday evening which suggests markets and the Aussie dollar open today in a reasonably buoyant fashion. The Spot Iron Ore price is also holding up nicely and ever so slowly edging towards US$80 a tonne which is certainly bullish for the AUD and the commodities sector in general.
Again its a very quiet start to the week with no economic data released today or overnight. The first bit of local data is released Wednesday where we will see whether there has been any growth in Private Sector Credit in Australia.
AUD EXCHANGE RATES:
AUD/USD – 0.7833
AUD/GBP – 0.5602
AUD/EUR – 0.6371
AUD/NZD – 1.0738
AUD/JPY – 83.740
USD/BTC – $9,584
COMMODITIES:
Gold – A$1695/oz
Silver – A$21.09/oz
WTI – US$63.52/barrel
DATA RELEASES TODAY:
No Data
***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.
{{cta(‘b4d1fdf3-9b81-4df4-87c2-23257194f470’)}}
Patrick Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
{{cta(’22fd720b-8ddc-4846-85e4-6ab59d459f68′)}}
