Compass Global Markets' Blog

Market Update - 24th January 2017 - AUD/USD Creeps Higher With Commodities

Posted by Patrick Downes on January 24, 2017 at 9:20 AM

Apologies about no reports this week, I've been battling with a nasty cold and lost phone which has really put me behind the 8-

The Aussie dollar has clawed marginally higher again overnight along with commodities which had a bumper session.  Iron Ore, Nickel, Copper and Gold all made gains while AUD/USD seemingly cemented itself in the 75's at least for the time being. With little data out today and another quiet session internationally this evening it appears the Aussie will likely just keep on keeping on and for the time being that probably only means higher.

The local economic data starts to flow in tomorrow with CPI and inflation figures due at 11.30am.

DATA RELEASES TODAY:

No data today

AUD EXCHANGE RATES:

AUD/USD – 0.7524

AUD/GBP – 0.6005

AUD/EUR – 0.7012

AUD/NZD – 1.0476

AUD/JPY – 85.404

***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: Market, Report

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