Compass Global Markets' Blog

Market Update - 15th December 2017 - AUD Continues To Gradually Move Higher, Take Advantage If You Can

Posted by Patrick Downes on December 15, 2017 at 8:23 AM

Stronger than anticipated U.S retail sales didn't stop the Aussie dollar from hitting fresh one month highs overnight with the AUD now up about 2.5% since Monday vs. the Greenback and similar margins vs. the Euro and Pound. Again, it could be worth taking advantage of the Aussie dollar at current levels given the uncertainty that remains in the market and particularly given it was only last week that we were threatening the low 0.70's vs. the Greenback.

No economic data is due out today. So rather than waffle on I'll just say have a nice weekend!

AUD EXCHANGE RATES:

AUD/USD – 0.7671

AUD/GBP – 0.5709

AUD/EUR – 0.6507

AUD/NZD – 1.0977

AUD/JPY – 86.116

COMMODITIES: 

Gold – A$1633/oz

Silver –  A$20.73/oz

WTI – US$57.17/barrel

DATA RELEASES TODAY:

No data

***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 

  Email Patrick: patrick@compassmarkets.com

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Topics: Market, Report

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