Currency Update: John Edwards, external board member of RBA, commented that depreciation in the AUD has been pretty marked, and it's not necessarily over, and...

Bell Potter

Stockbroker

Currency Update: John Edwards, external board member of RBA, commented that depreciation in the AUD has been pretty marked, and it's not necessarily over, and there is a risk the currency is going to fall further Last night the AUD rose back above USD 0.8900. In Australia today, retail sales and trade data for December will be released at 11:30 AEST. Retail sales are expected to have increased further, while for international trade, expectations are the trade deficit will have widened sharply. In the US, equities fluctuated following mixed data. European equities rebounded to finish flat. It was a relatively quiet night for most currency markets. The GBP gained ground after initial losses, the EUR is slightly stronger against the greenback, and the yen slightly weaker. ECB policy meeting is the key event for markets tonight, expectations are that the ECB will leave policy unchanged.


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.