Compass Global Markets' Blog

Market Update - 26th September 2017 - Aussie Dollar Remains Volatile As North Korea Tensions Resume

Posted by Patrick Downes on September 26, 2017 at 8:35 AM

The Aussie dollar is up, down and sideways depending on which currency pair you look at with gains made against the Kiwi and Euro, falls against the USD and Yen and flat against the Pound and it all stems from renewed uncertainty with respect to North Korea. From page news of Bloomberg suggests that the U.S has a number of options to resolve the issue both militarily and diplomatically, but rhetoric from North Korea stepped up a notch with threats to shoot down U.S war planes in international air space near their Northern borders. Where or how this gets resolved remains to be seen, but uncertainty is certainly no friend to financial markets hence the choppy and unpredictable trade in nearly everything from currencies, to commodities and equities.

No real tier one data is released today however we do have U.S CB consumer confidence at midnight tonight.

AUD EXCHANGE RATES:

AUD/USD – 0.7934

AUD/GBP – 0.5889

AUD/EUR – 0.6693

AUD/NZD – 1.0934

AUD/JPY – 88.670

DATA RELEASES TODAY:

USD - CB Consumer Confidence at midnight

***Above rates are indicative wholesale rates and intended as a guide only***

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Patrick Downes

Senior Corporate FX Dealer

Phone Patrick - 0431 278 632 

  Email Patrick: patrick@compassmarkets.com

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Topics: Market, Report

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