Market Update – 11th October 2016 – Markets & Aussie Subdued Amid Data & News Vaccum

A lack of data overnight and a gripping second debate between Drumpf and Clinton leaves markets little changed from yesterday. AUD/USD is still teetering around the 0.7600 figure, while the GBP has continued its slow and steady decline against most currencies. AUD/GBP is now near its highest levels since the tail end of the European debt crisis back in mid 2013.

Again we have no crucial data releases today, but Aussie stocks look set to open higher thanks to a boost in commodity prices overnight and strong session on both European and U.S equity markets.

DATA RELEASES TODAY:
No data releases

AUD EXCHANGE RATES:

AUD/USD – 0.7584

AUD/GBP – 0.6130

AUD/EUR – 0.6805

AUD/NZD – 1.0633

AUD/JPY – 78.153

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

Sign up for a Compass account today and access some of the most competitive rates in the business and arguably the best service.

 

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Phone Patrick – +61 03 9099 8459

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