Bell FX: The AUD has opened below USD0.9350 after a very quiet session in offshore trade overnight

Bell Potter


Bell FX: The AUD has opened below USD0.9350 after a very quiet session in offshore trade overnight. With some markets closed to observe Remembrance/Veterans' Day overnight trade was subdued. US Stocks edged higher, while the USD strengthened against most of its major rivals. The EUR strengthened against the USD Monday as the FX market focused on the potential fall out from the ECB's recent rate cut. The ECB surprised markets last week by cutting its benchmarket interest rate by a quarter of a percentage point to 0.25%. Reports indicated that at least a quarter of the ECB Governing Council opposed the cut, if only just the timing of it and this has offered support to the EUR. The GBP lost ground ahead of tonight's UK inflation data and the Bank of England's Inflation report later this week. Today's Forecast Range: 0.9420 - 0.9520

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.