Compass Global Markets' Blog

Market Update - 27th March 2017 - Aussie & Equities Lower As Trump Euphoria Wanes

Posted by Patrick Downes on March 27, 2017 at 9:57 AM

Markets dipped somewhat in the later part of last week dragging the Aussie, equities and commodities lower as markets become ever more cautious/doubtful about the ability of The Donald to enact any of the promises from his campaign. His latest failure to repeal and replace Obamacare have only added to the doubts that any infrastructure spend and tax cuts will ever come to fruition.

The Aussie is markedly lower across the board and with little to no local data out this week it could mean lower levels are here to stay at least into the foreseeable future.

DATA RELEASES TODAY:

EUR - German IFO Business Climate 7.00pm

AUD EXCHANGE RATES:

AUD/USD – 0.7581

AUD/GBP – 0.6052

AUD/EUR – 0.6987

AUD/NZD – 1.0600

AUD/JPY – 84.044

***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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