Voting has concluded in the U.S for the next President of the U.S and whether its a Clinton or Drumpf victory the liklihood is that we’re going to see Brexit type volatility when counting begins and numbers start to filter through to markets, likely during today. At present it looks like markets are pricing in a Hilary Clinton win with risk assets like equities and the Aussie dollar all rallying while traditional safe havens in Gold, JPY and the Greenback have eased in the past few days.
Thankfully there is little other economic data on the cards today, so all eyes will certainly be on Bloomberg and the other major business and news sites to try and determine the next U.S President. Other than that there’s little more I can add so please if you have any requirement for pricing of spot or Forwards please keep in mind any pricing will have a quick expiry particulalry if markets start swinging around violently.
DATA RELEASES TODAY:
All Currencies – U.S President Vote Counting
AUD EXCHANGE RATES:
AUD/USD – 0.7753
AUD/GBP – 0.6262
AUD/EUR – 0.7036
AUD/NZD – 1.0478
AUD/JPY – 81.53
***Above rates are indicative wholesale rates and intended as a guide only***
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Patrick Downes
Senior Corporate FX Dealer
Compass Markets
Phone Patrick – +61 03 9099 8459
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