Compass Global Markets' Blog

Market Update - 13th September 2016 - Aussie Claws Back Some Lost Ground & Chinese Data Due At Midday

Posted by Patrick Downes on September 13, 2016 at 9:54 AM

The Aussie dollar clawed back some lost ground over the past 24 hours managing to at least finish marginally ahead of where we were this time yesterday. AUD/USD is up around 25 basis points to 0.7560, while AUD/EUR is up a similar amount at 0.6729. Chinese industrial production is due at midday, with the figure tipped to rise ever so slightly to 6.2% from 6.00%. Looking at Chinese industrial production from a more macro stand point it would appear they've found a new normal rate of growth around that 6% mark where its been now for around two years.

DATA RELEASES TODAY:

CNY - Industrial Production at midday

GBP - CPI at 6.30pm

EUR - German Zew Economic Sentiment at 7.00pm

AUD EXCHANGE RATES:

AUD/USD – 0.7560

AUD/GBP – 0.5673

AUD/EUR – 0.6729

AUD/NZD – 1.0207

AUD/JPY – 77.006

***Above rates are indicative wholesale rates and intended as a guide only***

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Patrick Downes

Senior Corporate FX Dealer

Compass Markets

Call Patrick: +61390998459 or +61431278632  Email Patrick: patrick@compassmarkets.com

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