Market Update – 28th May 2018 – AUD Continues To Hover In The Mid To Low 0.75’s

An absence of news over the weekend and no economic data sees the Aussie dollar little changed since Friday. AUD/USD remains in the mid 0.75’s, while AUD/EUR and AUD/GBP have continued to inch higher. Bitcoin which has lost much of its appeal from last year has also continued to weaken and is threatening to once again dip below US$7000 a coin.

No economic data out today or tomorrow and we have bank holidays in both the U.K and U.S tonight which means payments in USD and GBP will not go out until Tuesday evening when U.K and U.S banks re-open for business.

AUD EXCHANGE RATES:

AUD/USD – 0.7557

AUD/GBP – 0.5678

AUD/EUR – 0.6469

AUD/NZD – 1.0911

AUD/JPY – 82.877

USD/BTC – $7,296

OTHER MARKETS: 

All Ords (XAO) – 6,141

Gold – A$1716/oz

Silver –  A$21.80/oz

WTI – US$67.02/barrel

DATA RELEASES TODAY:

No economic data out

Bank Holidays In the U.S and U.K

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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