Compass Global Markets' Blog

Market Update - 5th March 2018 - AUD & Markets Finish The Week Flat

Posted by Patrick Downes on March 5, 2018 at 8:43 AM

The Aussie dollar is little changed since Friday morning while equities and commodities finished slightly ahead over the weekend. Markets remain volatile though with Trump's tariffs weighing on investor sentiment until some clarity is provided with respect to what the tariffs may be, in what form and applied to what markets.

No local economic data is out today however later this evening we'll see the release of UK Services PMI and US Non-Manufacturing data. Locally the data kicks off tomorrow with retail sales and the RBA cash rate decision at 11.30am and 2.30pm respectively. Goes without saying retail sales and interest rates are key to the Aussie's directions and markets will be on high alert tomorrow between 11-3 AEST.

AUD EXCHANGE RATES:

AUD/USD – 0.7772

AUD/GBP – 0.5625

AUD/EUR – 0.6293

AUD/NZD – 1.0715

AUD/JPY – 81.948

USD/BTC – $11,477

COMMODITIES: 

Gold – A$1701/oz

Silver –  A$21.25/oz

WTI – US$61.35/barrel

DATA RELEASES TODAY:

GBP – Services PMI at 8.30pm

USD - ISM Non-Manufacturing PMI at 2.00am

***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: Report, Market

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