AUD & EUR reached 2½ year highs against a weakening US$ before retracing lower after Hurricane Irma was downgraded to a category one storm. Better than expected Chinese inflation data has helped drive AUD demand. AUDUSD remains in 0.7850 – 0.8150 range short term. Market awaits Aussie jobs report (Thu) to see if the trend to lower paying jobs continues.
Call Compass Global Markets for all your International Payments and Receipts Options today on 1300 BEST FX.