MARKET UPDATE 10-Jul-18

The British pound was frail this morning after the departure of two key Eurosceptic ministers, Boris Johnson and Brexit minister David Davis, while the US dollar stood near the three-week lows against its rivals after data showed soft US wage growth despite their tight labour market.

Closer to home, the Australian and New Zealand dollars bounced from recent lows yesterday, but sentiment remained jittery as investors fear an on-going tariff war between the US and China could derail global growth.

Tonight we have Great Britain releasing their figures for Industrial and Manufacturing Production and Gross Domestic Product figures all for the month of May.

FX Rates 10.07.18

 

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