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***
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Patrick Downes
Senior Corporate FX Dealer
Phone Patrick – 0431 278 632
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