Compass Global Markets' Blog

Market Update - 26th September 2016 - Markets Pull-Back Marginally On Risk Aversion

Posted by Patrick Downes on September 26, 2016 at 9:17 AM

Well, first of all I'd like to say well done to the Doggies (Western Bulldogs) who won through to their first Grand Final appearance in 55 years - which was until Saturday night the longest current Grand Final drought.

Last week finished pretty quietly without any economic news and with U.S and European equities falling marginally by around half a percent. The Aussie came off a similar amount down across the board by about 20-30 points amid widespread risk-off. This time of month is typically pretty quiet in terms of economic data releases with the only data of any importance being the release of U.S durable goods orders and GDP figures on Wednesday night and Thursday night respectively.

DATA RELEASES TODAY:

EUR - German IFO Business Climate at 6.00pm

AUD EXCHANGE RATES:

AUD/USD – 0.7598

AUD/GBP – 0.5847

AUD/EUR – 0.6751

AUD/NZD – 1.05171

AUD/JPY – 76.71

***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 - +61 03 9099 8459

  Email Patrick: patrick@compassmarkets.com

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