Market Update – 27th May 2019 – AUD/USD Climbs With Equities

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.

Equity markets in the U.S and Europe closed Fridays sessions higher and it looks like that strong finish has helped the AUD also pick up some ground vs. the Greenback. AUD/USD climbed around half to 1% while the other AUD crosses are mixed but remain near long term lows.

No economic data is released today and we’ll likely have very thin liquidity through tonight thanks to holidays across the U.S and the U.K this evening. In fact there is no real tier 1 local economic data until Thursday’s Building Approvals and Private Capital Expenditure numbers. Friday sees Chinese Manufacturing PMI, other than that, a quiet week on the data front.

AUD EXCHANGE RATES:

AUD/USD – 0.6900

AUD/GBP – 0.5415

AUD/EUR – 0.6151

AUD/NZD – 1.0539

AUD/JPY – 75.475

OTHER MARKETS:

All Ords (XAO) – 6,545

Gold – A$1,854/oz

Silver –  A$21.04/oz

WTI – US$58.74/barrel

DATA RELEASES TODAY:

GBP & USD – Bank Holidays

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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