A$ - Steady as she goes 10/11/2017

FINPORT CURRENCY NOTE - Courtesy of Compass Global Markets.

 

The Australian Dollar closed the day flat as the subdued trading activity continued. There was a brief flurry of activity with better than expected Chinese data and as US Weekly Unemployment Claims edged higher, but nothing to write home about.

Focus today is on the Reserve Bank's Monetary Policy Statement and some second tier data from the US this evening, however with a US bank holiday today (Veterans Day) we see a quiet end to the week.

Those looking for some movement may well get their wish in the middle of next week, with US inflation and domestic Unemployment numbers set to shake up price action, but we'll discuss that on Monday. 

Have a great weekend and Lest We Forget. 

 

Jim Devonport

Mob: 0415 066 468

Email: Jim.Devonport@Finport.com 

  

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