Compass Global Markets' Blog

Market Update - 9th November 2016 - U.S Voting Concludes, AUD/USD Up As Markets Bet On Clinton Win

Posted by Patrick Downes on November 9, 2016 at 8:20 AM

Voting has concluded in the U.S for the next President of the U.S and whether its a Clinton or Drumpf victory the liklihood is that we're going to see Brexit type volatility when counting begins and numbers start to filter through to markets, likely during today. At present it looks like markets are pricing in a Hilary Clinton win with risk assets like equities and the Aussie dollar all rallying while traditional safe havens in Gold, JPY and the Greenback have eased in the past few days.

Thankfully there is little other economic data on the cards today, so all eyes will certainly be on Bloomberg and the other major business and news sites to try and determine the next U.S President. Other than that there's little more I can add so please if you have any requirement for pricing of spot or Forwards please keep in mind any pricing will have a quick expiry particulalry if markets start swinging around violently.

DATA RELEASES TODAY:

All Currencies - U.S President Vote Counting

AUD EXCHANGE RATES:

AUD/USD – 0.7753

AUD/GBP – 0.6262

AUD/EUR – 0.7036

AUD/NZD – 1.0478

AUD/JPY – 81.53

***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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