Currency Update: The RBA leave rates unchanged at 2.50%, reiterating that it would prefer a lower AUD

Bell Potter

Stockbroker

Currency Update: The RBA leave rates unchanged at 2.50%, reiterating that it would prefer a lower AUD. It was more positive on the outlook for private demand outside of the mining sector. Today in Australia we will see the trade data for September and the market is looking for an improvement in the deficit from $815mn to $500mn. Such a result is not likely to have much of an influence on markets. The upside surprises in the UK PMI services and US ISM nonmanufacturing index's gave a boost to GBP and the USD respectively. AUD & NZD initially received a leg up from the GBP move, although this was largely reversed following the ISM release. Today's Forecast Range: USD 0.9455 - 0.9525


MORE ON



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.