Markets dipped somewhat in the later part of last week dragging the Aussie, equities and commodities lower as markets become ever more cautious/doubtful about the ability of The Donald to enact any of the promises from his campaign. His latest failure to repeal and replace Obamacare have only added to the doubts that any infrastructure spend and tax cuts will ever come to fruition.
The Aussie is markedly lower across the board and with little to no local data out this week it could mean lower levels are here to stay at least into the foreseeable future.
DATA RELEASES TODAY:
EUR – German IFO Business Climate 7.00pm
AUD EXCHANGE RATES:
AUD/USD – 0.7581
AUD/GBP – 0.6052
AUD/EUR – 0.6987
AUD/NZD – 1.0600
AUD/JPY – 84.044
***Above rates are indicative wholesale rates and intended as a guide only***
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Senior Corporate FX Dealer
Phone Patrick – 0431 278 632