Weekly Currency Report

September 6, 2016

5th September 2016 - Weekly Currency Market Report. 
Click to read the full report: http://bit.ly/2c6NZG6

The weekend G20 meeting in China has just ended. US President Obama sent a warning to UK's new Prime Minister Theresa May that the US wants to focus on trade negotiations with the EU and a bloc of pacific nations (including Australia) before considering a deal with the UK. 

AUD/JPY has appreciated another 2.2% last week on USD strength against the Yen and expectations of further BoJ monetary policy easing in coming weeks.

AUD/GBP: The Pound is the best performing currency, up 1.3% last week as the post-BREXIT squeeze continues and excessive GBP short positions are squared with doubts lingering on further BoE rate cuts for now.

AUD/EUR has firmed another 1% towards 0.68 level on higher US and European equity markets. Thursday's ECB meeting will be in focus awaiting further dovish rhetoric, which should keep the EUR weak.

AUD/NZD as expected breached the 1.0360 support level from last July. This provides a great opportunity for those who need to sell NZD & buy AUD.

Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts

February 9, 2020

Please reload

Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

Free Call: 1800 FINPORT (346767)   Email: info@finport.com

Finport Finance Pty Limited ACN 624 778 123.

Finport Trade Finance Pty Limited ACN 606 669 505.


Business Address: Suite 105, 20A Danks Street, Waterloo, NSW 2017

Registered Office: Level 11, 1 York Street, Sydney NSW 2000

Mailing Address: PO Box 2289, Taren Point NSW 2229


Finport makes no warranty, express or implied, concerning the suitability, completeness, quality or exactness of the information and models provided in this website.

Website Terms of Use     Disclaimer    Privacy Policy

  • Facebook Social Icon