Major Economies – 8th September 2017

Australia
Australian data this week has been a little mixed but the Australian dollar has now managed to hold over the 0.8000 level against the USD. On Tuesday the RBA keep interest rates on hold at 1.5% as widely expected but the accompanying statement was more hawkish than many expected and overnight price action saw the AUD break above 0.800 to an 0.8026 high. Read more

FX Update: North Korean missiles fly over Japan!

Overview
The eagerly awaited Jackson Hole addresses by central bankers, Yellen and Draghi on Friday night failed to meet market expectations around supplying clues to the timing of tightening moves. Rate hike comments were side lined as they both appeared to work in parallel to deliver a clear message on a different (and perhaps slightly less market-sensitive) topic: financial system regulation. Read more

Economies of Note

Australia
Australian dollar trading has been choppy over the last 24 hours ranging from 0.7871 to 0.7950, initially influenced by better-than-expected Chinese manufacturing PMI and Australian private capex figures. This uptick, however, turned out to be short-lived with a drop to 0.7871 a major support level. Read more