Market Update – 5th February 2018 – U.S Equities & The Aussie Dollar Heavily Sold Off Friday Evening

Equities, the Aussie dollar and most commodities fell Friday evening ending what was a pretty savage week for markets. U.S equities which had been running hot all January succumbed to significant selling pressure and risk aversion with the DOW losing about 600 points in the last day of trade. Being a risk asset itself, the AUD fell pretty much across the board but significantly so against the Greenback which along with Gold were perhaps the only safe havens from the carnage.

AUD/USD is now just holding on to the 0.7900 level but remains under pressure as jitters continue to permeate through the market. No local data is released today – but we do have some data out of the U.K and the U.S tonight.

AUD EXCHANGE RATES:

AUD/USD – 0.7914

AUD/GBP – 0.5610

AUD/EUR – 0.6360

AUD/NZD – 1.0854

AUD/JPY – 87.251

USD/BTC – $8,106

COMMODITIES: 

Gold – A$1683/oz

Silver –  A$20.99/oz

WTI – US$64.83/barrel

DATA RELEASES TODAY:

GBP – Services PMI at 8.30pm

***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's Signature-802090-edited.jpg

Patrick Downes

Senior Corporate FX Dealer

Phone Patrick – 0431 278 632 

  {{cta(’22fd720b-8ddc-4846-85e4-6ab59d459f68′)}}

CompassFB-1

 

Leave a Reply

Your email address will not be published.