Compass Global Markets' Blog

Market Update - 12th January 2017 - AUD Surges Again On Positive Global Risk Sentiment

Posted by Patrick Downes on January 12, 2017 at 8:26 AM

Risk appetite shifted up a gear overnight with equities, commodities and the Aussie dollar the biggest gainers from a very positive start to 2017. AUD/USD added another 1.1%, while AUD/EUR and AUD/GBP added around 0.8% taking total gains for AUD/USD since the start of Jan to nearly three whole cents, while AUD/EUR and AUD/GBP are up two and three full cents respectively in 2017. As we head closer and closer towards one month highs I'd certainly think it prudent for importers to look at making payments and therefore taking advantage current exchange rates.

DATA RELEASES TODAY:

No data releases today.

AUD EXCHANGE RATES:

AUD/USD – 0.7429

AUD/GBP – 0.6077

AUD/EUR – 0.7011

AUD/NZD – 1.0555

AUD/JPY – 85.857

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

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Phone Patrick - 0431 278 632 

  Email Patrick: patrick@compassmarkets.com

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Topics: Report, Market

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