Compass Global Markets' Blog

Market Update - 29th May 2017 - Holidays In China, U.S and U.K To Cause Delay In Payments

Posted by Patrick Downes on May 29, 2017 at 9:47 AM

Holidays in China, the U.S and the U.K over the next 24 hours means payments to these countries will be delayed by a day or so. So please consider this with regards to payments booked Thursday, Friday and over the weekend.

Stocks finished the European/U.S session mostly flat with very small moves seen, the exception was the U.K FTSE which managed to gain around 0.45%. Commodity prices remain under pressure with nickel holding just above the crucial US$9,000 a tonne while iron ore has again dipped below US$60 a tonne. The bitcoin mania of the past week has also subsided with the crypto currency losing around US$500 a unit since last Thursday to be trading back at US$2200.

DATA RELEASES TODAY:

EUR - ECB President Draghi Speaks at 11.00pm

AUD EXCHANGE RATES:

AUD/USD – 0.7414

AUD/GBP – 0.5779

AUD/EUR – 0.6630

AUD/NZD – 1.0527

AUD/JPY – 82.557

***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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