Market Update – 13th September 2016 – Aussie Claws Back Some Lost Ground & Chinese Data Due At Midday

The Aussie dollar clawed back some lost ground over the past 24 hours managing to at least finish marginally ahead of where we were this time yesterday. AUD/USD is up around 25 basis points to 0.7560, while AUD/EUR is up a similar amount at 0.6729. Chinese industrial production is due at midday, with the figure tipped to rise ever so slightly to 6.2% from 6.00%. Looking at Chinese industrial production from a more macro stand point it would appear they’ve found a new normal rate of growth around that 6% mark where its been now for around two years.


CNY – Industrial Production at midday

GBP – CPI at 6.30pm

EUR – German Zew Economic Sentiment at 7.00pm


AUD/USD – 0.7560

AUD/GBP – 0.5673

AUD/EUR – 0.6729

AUD/NZD – 1.0207

AUD/JPY – 77.006

***Above rates are indicative wholesale rates and intended as a guide only***

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

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