CGM Weekly FX Video Update – 6th March 2018

 

Italian election has created a hung parliament.  AUDEUR is at 2 year lows around 0.62 level.  USD has slumped in response to President Trump’s proposed tariffs as the issue of protectionism and trade wars returns.  Japanese Yen has strengthened amid safe haven flows.  AUDJPY is at 1 year lows around 82.  Australia’s Q4 GDP data (Wed) forecast at 0.5% (2.5%pa) is sub-trend. 

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

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