Currency Update: The AUD has managed some improvement overnight and has been one of the better performing major currencies

Bell Potter

Stockbroker

Currency Update: The AUD has managed some improvement overnight and has been one of the better performing major currencies. Despite hitting a low of 0.8995 during the European session, the AUD has recovered some ground and is back at 0.9040. The USD maintained its strength against the EUR and GBP, while retracing marginally against the AUD and NZD. The CNY and CNH both continued to weaken as well, while interest rates in China also rose sharply. US data was mostly in line with expectations. Weekly jobless claims rose to 320K last week (median 322K) from 315K, while existing home sales fell 0.4% as expected.


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.

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