Compass Global Markets' Blog

CGM Weekly FX Video Update - 26th September 2017

Posted by Thomas Su on September 26, 2017 at 12:38 PM

 

Continued geopolitical tensions has seen safe haven trades JPY & CHF strengthen and Gold rise 1% overnight. Japan's PM Shinzo Abe has announced plans to dissolve parliament. A snap election will take place on 22 Oct. US President Trump is expected to release the long awaited tax reforms (tomorrow) with suggestions the corporate tax rate will be cut from 35% to 20%. AUDUSD remains confined to the 0.7870 - 0.8000 range this week. Iron ore has fallen 20% in the past month.

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

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