Compass Global Markets' Blog

CGM Weekly FX Video Update - 25th July 2017

Posted by Thomas Su on July 25, 2017 at 12:59 PM



AUD has reached 2 year highs around 79 US cents as robust jobs data, better consumer confidence & a falling USD creates opportunities for further global growth which is supportive of the AUD. Local market awaits Q2 GDP data tomorrow (fc 0.5% Q/Q & 1.7%pa) followed by RBA Gov Lowe's speech on "The Labour Market & Monetary Policy". Is Australia's economic growth contributing to faster consumer price rises?


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