Compass Global Markets' Blog

CGM Weekly FX Video Update - 20th February 2018

Posted by Thomas Su on February 20, 2018 at 12:09 PM


US tax reform will boost economic growth over the next 2 years. The Fed may need to raise interest rates faster than expected to stop the economy from overheating. Aussie jobs data (Jan) printed a 50k fall whilst part time jobs rose 66k. Hours worked fell by 1.5%. Underemployment remains the real issue (people with jobs seeking more hours). RBA remains on hold re interest rate moves. A$ confined to 0.7750 - 0.7950 range short term.

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