Spanish equities got pummelled overnight as the fallout from a Catalonia referendum vote took it’s toll on Spanish financial markets. Equities around the rest of Europe bar Germany also performed poorly, while U.S equities finished the session flat as the country comes to terms with its worst mass shooting in modern times.
The Aussie dollar made gains almost across the board thanks to the continued rally in commodities prices. Iron ore is perhaps the only one not moving as traders shift their focus to other base metals such as Zinc, Copper and Nickel.
Ahead today is retail sales and trade balance figures kicking off at 11.30am. A slight bump in retail sales is expected while the trade balance figure is expected to double to 0.88B as a result of a pick up in exports.
AUD EXCHANGE RATES:
AUD/USD – 0.7864
AUD/GBP – 0.5934
AUD/EUR – 0.6683
AUD/NZD – 1.0975
AUD/JPY – 88.644
COMMODITIES:
Gold – A$1621/oz
Silver – A$21.13/oz
WTI – US$50.03/barrel
DATA RELEASES TODAY:
AUD – Retail Sales and Trade Balance at 11.30am
***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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