MARKET UPDATE 11-Jan-19

It was a fairly quiet day on the macro-economic releases calendar. The financial markets were little moved, as investors looked out for any developments surrounding the trade talks. Stocks on Wall Street fell after a four-day rally, while U.S. Treasury prices rose.

The latest data released showed the US labor market strength suggests the economy remains on a solid path of expansion.

Closer to home, both Aussie and Kiwi currency were still benefiting from sloppy US dollar momentum. The change in policy track by the US Federal Reserve had undermined one of the main props for the US dollar.

FX Rates – 11.01.19

 

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