Compass Global Markets' Blog

CGM Weekly FX Video Update - 3rd October 2017

Posted by Thomas Su on October 3, 2017 at 12:52 PM

 

Aussie-US bond spreads have narrowed as the market believes the Fed will raise rates more aggressively than the RBA. This sentiment is a negative for the AUDUSD. All eyes are on RBA Governor Lowe's comments (2.30pm RBA policy meeting today).The US tax reform plan to cut the corporate tax rate from 35% to 20% and provide an incentive (reported tax rate 10%) for US companies to repatriate funds (profits) held elsewhere back to the USA has ignited a bullish overtone for the US$. 

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