MARKET UPDATE 06-Feb-19

The U-S dollar mostly held steady against its peers today. Investor focus was on President Donald Trump’s State of the Union address at 0200 GMT. Traders are looking forward to hearing President Trump’s views on the U.S.-China trade row.

And although the U-S government shutdown has ended for now, President Trump’s position on the budget will be in focus.

Meanwhile, Australia’s central bank opened the door to a possible rate cut if unemployment increased and inflation failed to pick up. In his speech, RBA governor Philip Lowe noted there were many more risks to both the global and Australian economic outlook. The bank left their official rates steady at 1.5 per cent following its first meeting of the year.

FX Rates 06.02.19

 

 

  • Archives

  • Categories

  • Latest News

  • Copyright © 2015 - Home Finance Company Ltd