Compass Global Markets' Blog

Market Update - 12th May 2017 - Aussie Clawing Back Some Lost Ground

Posted by Patrick Downes on May 12, 2017 at 8:31 AM

The local currency has managed to claw back some ground lost over the past week starting today around half a percent higher thanks in part to weaker than expected data coming out of other countries. The Bank of England and Royal Bank of New Zealand both held rates steady and were both less than bullish on their respective economies while the Euro seems to be coming off a fraction following Macron's euphoric and pro-Europe Presidential election win in France.

Ahead this evening is a bout of U.S economic data with both CPI and retail sales numbers due around 10.30pm tonight.


USD - CPI & Retail Sales at 10.30pm

All - G7 Meetings


AUD/USD – 0.7324

AUD/GBP – 0.5670

AUD/EUR – 0.6737

AUD/NZD – 1.0725

AUD/JPY – 83.421

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

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick - 0431 278 632 

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Topics: Report, Market

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