Compass Global Markets' Blog

CGM Weekly FX Video Update - 24th October 2017

Posted by Thomas Su on October 24, 2017 at 1:40 PM

 

US Senate voted in favour of approving tax reform. US$ has strengthened as US tax cuts raise optimism. Current US Fed member Jerome Powell (dovish Republican) with similar policy preferences to current Fed Chair Janet Yellen is favoured as President Trump's pick for the next Fed Chair. Markets liked this too as it is likely to maintain the steady & consistent rise in equity markets. In Australia, the key event is tomorrow's Q3 CPI data. The headline Q3 forecast is 0.7% and 1.9%pa (well below the RBA's target band 2%-3%). Market awaits the ECB meeting (Thu) and US Q3 GDP (Friday).

Call Compass Global Markets for all your International Payments and Receipts Options today on 1300 BEST FX.

CompassFB-1

 

Compass Global Markets' Blog

Subscribe to Email Updates

Recent Posts