Equities markets finished the week mixed with our local market and European markets up around one quarter of one percent while U.S markets finished flat or marginally lower. The Aussie dollar is however generally lower this morning in what could be seen as a bit of profit taking after a strong move from the mid 75's back to 77's late last week.
We start the week with no economic data releases but it is a holiday in Japan today, so no Yen payments will go out. The Japanese today celebrate Shunbun no Hi, or 'Vernal Equinox Day' and marks the day that the sun crosses the equator making both night and day equal in length. According to Web-Japan.org "it's a day to commune with nature and to show our affection for all living things." Just one of the reasons why I love Japan and why we would should if possible try to be more like Japan.
DATA RELEASES TODAY:
JPY - Bank Holiday - No JPY payments will go out today.
AUD EXCHANGE RATES:
AUD/USD – 0.7653
AUD/GBP – 0.6168
AUD/EUR – 0.7124
AUD/NZD – 1.0928
AUD/JPY – 86.24
***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.
Senior Corporate FX Dealer
Phone Patrick - 0431 278 632