Compass Global Markets' Blog

Market Update - 21st April 2017 - Aussie Finds Some Stability Ahead of French Elections

Posted by Patrick Downes on April 21, 2017 at 9:33 AM

The Aussie dollar has stabilised somewhat over the past 24 hours with the Aussie trading at near identical levels to this time yesterday morning. The only exception to that is Aussie/Kiwi which is up around 1%. Equities and commodities also performed quite well overnight. The strongest performer being the French CAC (up nearly 1.5%) as a result perhaps of optimism that the left leaning Macron will win the French Presidential Elections held this weekend. U.K retail sales are the only major data release tonight.

DATA RELEASES TODAY:

GBP - Retail Sales at 6.30pm

AUD EXCHANGE RATES:

AUD/USD – 0.7469

AUD/GBP – 0.5820

AUD/EUR – 0.6966

AUD/NZD – 1.0705

AUD/JPY – 81.736

***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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