Compass Global Markets' Blog

Market Update - 3rd October 2016 - Busy Week Of Economic Data Coming Up

Posted by Patrick Downes on October 3, 2016 at 8:52 AM

It's business as usual down here in Victoria today so for clients based outside of Victoria, please feel free to get in touch with me if you need currency booked. In China however the holiday just begins with the country on holiday all week to celebrate their National Day or Golden Week.

International equity markets finished last week mostly higher with local equities set to open higher, while commodity prices were mixed with oil up but iron oil dropping back to around US$55 a tonne.

Last week was pretty quiet from an economic data perspective, however it picks up quite dramatically this week with the RBAs interest rate announcement tomorrow, followed by local retail sales Wednesday, trade balance figures Thursday and U.S Non-Farm employment figures capping off the week on Friday evening.

DATA RELEASES TODAY:

AUD - Bank Holiday in Australia

GBP -  Manufacutring PMI at 7.30pm

USD - ISM Manufacturing PMI at 1.00am

AUD EXCHANGE RATES:

AUD/USD – 0.7632

AUD/GBP – 0.5903

AUD/EUR – 0.6794

AUD/NZD – 1.0500

AUD/JPY – 77.31

***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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