Market Update – 29th May 2018 – Commodity Prices Remain Subdued, AUD/EUR To Test 0.6500

Again there is no economic data out today or this evening which in conjunction with bank holidays in the U.S and U.K overnight means very little movement in currency markets. AUD/USD is continuing to tread water in the 0.7500’s, while AUD/EUR is the big mover up again and looking to break through 0.6500 potentially in the next few days. Commodity prices remain subdued and this is dragging on the Aussie dollar which has for the better part of a month traded in a tight range between 0.7410 and 0.7600 vs. the Greenback.

So other than that there is really not too much more to discuss. Have a great day.

AUD EXCHANGE RATES:

AUD/USD – 0.7545

AUD/GBP – 0.5667

AUD/EUR – 0.6488

AUD/NZD – 1.0871

AUD/JPY – 82.585

USD/BTC – $7,098

OTHER MARKETS: 

All Ords (XAO) – 6,113

Gold – A$1719/oz

Silver –  A$21.83/oz

WTI – US$66.61/barrel

DATA RELEASES TODAY:

No economic data today or this evening

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

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