MARKET UPDATE 17-Aug-18

Risk sentiment improved from Asia into Europe. The U-S and China agreed to hold a new round of trade talks next week…and this has brought some relief to the wary financial markets.

As such, Asian stocks ended at a positive note, all major U.S. stock benchmarks were up, however, the U-S dollar lost some ground alongside its treasuries.

Closer to home, Reserve Bank of Australia’s governor Phillip Lowe made an explicit case this morning for rates to remain at record lows for some time. He stated that Australia is at full employment, and the inflation rate is well within the target range on a sustained basis.

Over the weekend, the E-U and Canada will release its inflation numbers.

FX Rates 17.08.18

 

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