CGM Weekly FX Video Update – 25th July 2017

 

 

AUD has reached 2 year highs around 79 US cents as robust jobs data, better consumer confidence & a falling USD creates opportunities for further global growth which is supportive of the AUD. Local market awaits Q2 GDP data tomorrow (fc 0.5% Q/Q & 1.7%pa) followed by RBA Gov Lowe’s speech on “The Labour Market & Monetary Policy”. Is Australia’s economic growth contributing to faster consumer price rises?

 

Call Compass Global Markets for all your International Payments and Receipts Options today on 1300 BEST FX.

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