Compass Global Markets' Blog

CGM Weekly FX Video Update - 28th November 2017

Posted by Thomas Su on November 28, 2017 at 11:56 AM


US Federal Reserve Chief nominee Jerome Powell sent a message of continuity and stability during his Senate testimony. The market awaits the recommencement of US tax reform deliberations in the Senate on Thursday. US$ is weaker against all major currencies.
Aussie Dollar has bounced off last week's 5 month low of 0.7530 US. Iron ore price has risen 15% over the past month.

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