Currency Update: This morning, the AUD is trading at USD 0.9650 which is only a tad lower than late yesterday

Bell Potter


Currency Update: This morning, the AUD is trading at USD 0.9650 which is only a tad lower than late yesterday. Tonight sees the US government releasing a raft of economic data that was due out during the October 1-16 shutdown, the highlight of which will be non-farm payrolls for September. We expect the AUD to trade in a fairly tight range ahead of the employment data. Overnight markets have been characterised by little more than minor position squaring in front of tonight's September US payrolls report. US equities are pretty square, the USD is a tad higher and US Treasury yields are 2-3bps higher from 5 years onwards. Commodity prices are mixed while oil is down. Gold is little changed. The SEK is the only G10 currency to be higher against the USD with NZD the worse performer. Today's Forecast Range: USD 0.9625 - 0.9725

Bell Potter

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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