CGM Weekly FX Video Update – 28th November 2017

 

US Federal Reserve Chief nominee Jerome Powell sent a message of continuity and stability during his Senate testimony. The market awaits the recommencement of US tax reform deliberations in the Senate on Thursday. US$ is weaker against all major currencies.
Aussie Dollar has bounced off last week’s 5 month low of 0.7530 US. Iron ore price has risen 15% over the past month.

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

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