Compass Global Markets' Blog

Market Update - 22nd February 2017 - Aussie Trading Sessions Remain Very Subdued

Posted by Patrick Downes on February 22, 2017 at 8:27 AM

A solid session for European and U.S equities along with commodities, sees AUD/EUR up half a percent and AUD/USD back to yesterday mornings levels. The Aussie had retreated in afternoon trade but thanks to strong demand for global equities the Aussie managed to regain that lost ground.

Other than that it was again extremely quiet and quite dull trading for the Aussie throughout yesterday but I would assume a lack of volatility is probably just the way our clients like it!

DATA RELEASES TODAY:

GBP – Second Estimate GDP at 8.30pm

AUD EXCHANGE RATES:

AUD/USD – 0.7650

AUD/GBP – 0.6124

AUD/EUR – 0.7254

AUD/NZD – 1.0720

AUD/JPY – 87.294

***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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