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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Senior Corporate FX Dealer
Phone Patrick - +61 03 9099 8459