Compass Global Markets' Blog

CGM Weekly FX Video Update - 22nd August 2017

Posted by Thomas Su on August 22, 2017 at 11:20 AM

 

USD continues to drift lower reflecting ongoing geopolitical tensions as risk-off remains the dominant market theme. Investors await a gathering of world central bankers to discuss emerging issues, trends and the future (Thu - Sat) this week as the Kansas City US Fed hosts its annual symposium. AUD has appreciated 2% vs USD since last weeks lows of 78 cents. We expect it to consolidate in 0.7840 - 0.8040 range short term. 

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